Get your taxes done using TurboTax

Sorry, the link was modified by Turbotax.

 

I am selling to a related party corporation that will use it as a rental. So, it will be a depreciable. I read somewhere that this rule applies when either transferor or transferee is using is as depreciable property.

 

So I think the link you sent does apply. In that case how will I report it in Turbotax?