Taxpayer filed a 2023 married joint return and is filing a 2024 single filing return as she had a divorce on October 25, 2024.
Taxpayer has a joint rental building but do not own it after the divorce as the former spouse owned 100% after divorce. The building has a date place in service January 20, 2004 with a full cost $90,025 and taxpayer's share is $45,012.5.
How to input to PTO to get 2024 depreciation on the building $1,295,81 based on S/L 9.5 months (up to the divorce date of October 15, 2024).
Thank you for your time and assistance.
Thanks so much for your help. Please clarify what you meant by on item #1:There is no way.
I would like to know how to tell the program that: 1. This is a transfer between spouses/ divorce transfer.
I think she means - there's no way to tell the program that. Or the IRS.
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