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I co-own a rental property. In past years, I took 50% of the proceeds. I no longer want to take 50% of the income and want my sister to have 100%. Is this allowed?
I have typically filed a schedule E for this property. What is required if I no longer take 50% of the income? Can I just not file a schedule E?
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‎April 10, 2023
10:59 AM