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Investors & landlords
In the TT program, in the asset section, you will indicate these were converted to personal use to stop the depreciation. Then you will have the info needed for the cost basis you transferred to the partnership.
If you are working with a professional you may want to use them for the personal return this year so the required statements are filed properly ... professionals can attach statements to efiled returns.
‎December 16, 2023
5:29 AM
2,759 Views