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Get your taxes done using TurboTax
Thank you. We are done with Federal 1065 and K-1s. Now for individual 1040, how to "dispose" the previous information on rentals? I got the following screenshot. It seems we can check "convert from personal to rental in 2022"? I assume the software will import K-1 information and not duplicate it on sch E of 1040, right?
I am not sure if we should delete the entries completely and it may cause problems for turbotax home&business.
March 20, 2023
1:12 PM