HN
Level 2
03-03-2023
04:17 PM
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The husband is moving his business practice to the home. His company will be taking over the monthly mortgage payments, paying property taxes, etc. He will report depreciation, interest, taxes on it. The debt is under the company's name now. The home is no longer rented out.
Do I have to record the disposition on Schedule, Asset Entry worksheet or as mentioned, Form 4797? And can you give me an example on how I would record it?