Tax implications of a joint Letters of Administration

[Martin Pulrang]

I am hopeful this community can guide me. I am listed as personal representative, with my father, on a Letters of Administration (LA) as a result of the death of my uncle. My lawyer said we could execute a deed of distribution directly into my LLC without any immediate tax implications as the value of the property is on the low side. My accountant said my father and I are half owners as we are both listed on the LA and as such there would be taxation on half the value of the home. I intend to update this property and make it my first rental property. I don't want to start off on the wrong foot. Who is right?