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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?
‎April 1, 2021
8:17 AM