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Where do I report the disposition of rental property if gifted to son?
I am using Turbo Tax Premier.
I gifted a rental property to my son in November 2022.
When asked if SOLD or dispositionsed this in 2022. Turbo Tax instructs to state NO if SOLD or dispositioned to a relative.
I don't see where the loop gets closed. Please advise.
I am completing a Gift Tax Form 709 that will be mailed in separately from my return, but seems something is missing.
‎April 5, 2023
10:49 AM