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Investors & landlords
Where and how on Form 4562 do I indicate that the property was "converted to personal use" (or a similar disposition without a sale)?
To take out the rental R/E from form 4562, the tax program requires to enter a lot of information in the Disposition Section such as Date of Disposition, Sale Price, Expenses of Sale, Type of Prop (if Sec 1245/1250 prop), gain/loss etc.
I do not understand how I can show that the property was "converted to personal use" (or a similar disposition without a sale) and let the tax program take it out from Form 4562.
I would appreciate your help in this matter. Thank you
‎October 11, 2024
12:34 AM