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Schedule E rentals transferred to a new partnership

Tax Ninja
Level 1

In 2019, client filed as single with 4 rentals properties reported on Schedule E. In 2020, transferred all 4 rentals to a new partnership with one other partner. How to remove the 4 rentals off his 1040 for 2020?

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1 Comment 1
Level 14
Level 14

On the asset worksheet, scroll down to dispositions, and put in date of disposition only, no price