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Level 2
April 27, 2020
Question

How should i transfer an income rental property to owner 100% not rented property?

  • April 27, 2020
  • 1 reply
  • 13 views
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1 reply

IRonMaN
Level 15
April 27, 2020

Use the date it stopped being a rental property as a sale date on the asset entry worksheet.  Don't enter a sales price.  Print off the depreciation schedule for your records for when the day comes that they either sell the property or convert it back.

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