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How to report in Turbotax the Sellling less than 100% of the Rental Property
I want to thank you all in advice for your help.
I know how to report selling 100% of my ownership in a property; however, I am not able to find how to get Turbotax to report only a portion of the property.
A owns 75% of four identical rental properties. B owns the remaining 25% of each of the four properties.
How does A report the sale of 25% of the four properties to B so that both A and B own equally 50% of the four properties?
I can see the steps to report 100% sale just not a less than 100% sale.
Regards,
RonT
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‎February 7, 2023
3:08 PM