patrizia
Level 1

Please help!

 

  1. 8-2-2019 rental established and filed 1040
  • 5 months rental
  1. 2020 filed 1040
  • 12 months rental
  1. 4-16-21 rental turned to personal residence
  • 3.5 months rental
  • Regular 27.5 depreciation/no 179 depreciation
  1. 1-19-22 Grantor Trust established
  • Grantor Taxpayer
  • Mother Trustee
  • Son Beneficiary
  • Transferred rental/residence into Grantor trust
  • 7-12-22 sold rental/residence

 

On the 2022 tax return 1040 how do I INPUT the transfer to the Trust?

  1. I put in the Asset worksheet the date of disposition 1-19-22 with no cost
  2. The program is asking me to input FAIR rental days (in red) on SCH E worksheet, therefore I cannot electronically file???

Grantor Trust

How do I input information?

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