RobertB4444
Expert Alumni

Business & farm

If you were the sole member of the S-corp I would just transfer all of the assets over to schedule E and lease them as rental property there.  The depreciable basis carries over so all of the items that were fully depreciated still are and anything that is not only has the basis left that it had when you closed the corporation.  Then you are just running a schedule E short term rental of your property and equipment.

 

@chilibean42 

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