Opfor77
Level 4
03-15-2026
09:52 AM
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Client turned unfinished basement into a rental apartment for $25,000. Only rented it for a couple months, then let a family member move in there for free, no longer a rental apartment, and never will be again. I'm trying to dispose of the asset, and mark it as converted to personal use. No sales price, no selling expenses, no sales period. I cannot locate where to enter a disposition code, so it's showing up as sold, and triggering a $24,000+ loss on the return. Any ideas?
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