irena
Level 1
02-17-2023
08:39 AM
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My two clients, father and son, have three rental properties in both their name. Father was always reporting all income/expenses for one property and son was reporting income/expenses for other two properties. Now the father is retiring, and the son took over management of the rental property. How do I report the transfer on both returns for that one property since both of them were and still are owners on all properties since they bought it?
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