Hello Mike
Thank you for your info
That would help me to searching IRS section 754 election relating to section 734 (b) transfer of property or 743(b) transfer of interest
I also to search more info of form 15242 to revoke 754 election
Yes the partnership has two properties about 600k which they got rental income /loss in 2021 and 2022 and depreciated two year because they started in 2021. The recovered depreciation gain would count in for B and C .
Thank again Mike
