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Level 6
Apr 4, 2022 4:31 AM UTC
Question

form 3115 dnc code 107 ?

New client never depreciated real estate rental. sold the property in 2021. Is 107 the proper dnc code since it was disposed of in 2021.  I know you use code 7 if they still own the property.

thx

Michele

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1 reply

Apr 4, 2022 1:48 PM UTC

Yes, 107.