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

adapadilla016
Level 1
 
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1 Comment 1
IRonMaN
Level 15

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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