The sale of rental property is reported on Form 4797. I suggest that you make an entry directly in Form 4797 (Forms mode in TurboTax Desktop) to reduce your gain by the amount that is applicable to your daughter. In the description use: Nominee income, TIN xx-xxxxxxx.
Your daughter will need to enter the Sale of property (Form 4797) showing the sale price (her portion), depreciation, and basis, to arrive at the same amount as you are showing on your tax return.
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