Sale of property between two businesses with the same owner

Hi, I have a question about a new business client who is a 50% partner in two different partnerships, and one of the partnerships transferred ownership of a property to the other partnership in 2024.

We are working on filing his returns, and the client is hoping to minimize any capital gains tax or other taxes that would have to be paid in the transfer. I am unsure what is the best way to show this transfer, which the client described as a sale (although the partnerships did not exchange any money), on these partnerships' tax returns, as well as how the depreciation on the property should work, which has already depreciated for 9 years under the initial partnership.

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