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I gifted rental real estate and completed all questions regarding disposition and dates; is there a capital transaction to report on sch D?
The property gifted was held long-term - approx. $90,000 cost less approx. $30,000 depreciation. I will have a gift tax return done but I want to make sure there is nothing else to be reported on my 1040. Sch E assets are noted as disposed, but nothing flows to any other form - 4797 or Sch D.
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‎June 4, 2019
9:32 PM