George4Tacks
Level 15
01-03-2021
03:17 PM
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Best guess is that it is not out yet. Per https://myproconnect.intuit.com/releasedates it is, but it is scheduled for update on 1/8/2021 so I would look to get it then. https://proconnect.intuit.com/community/proseries-tax-discussions/discussion/re-2020-form-709/01/111...
It's nice that the father does not want to pay any taxes. They should talk to their tax professional about that. Their tax professional would be doing a service to prepare a depreciation schedule for the son to use when they take over the property.
Answers are easy. Questions are hard!