HN
Level 2

My client rented her home in 2021 on Schedule E.  In 2022, the home was transferred from her name to her husband's company in April.  

1) How do I show only 3 months of depreciation when it is calculated for the full year?

2) Do I need to report the transfer of ownership? If yes, where? (what form/schedule)

3) For the following year (2023), can I delete Schedule E for that property?

If anybody can lead me through the steps, I would greatly appreciated it!

 

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