taxstrategist
Returning Member

Investors & landlords

Thanks for your response!  So I don't have to let the IRS know that I no longer own the property?  I was going to mark it as sold and just put a 0 down next to Asset Sales Price and a 0 next to Asset Sales Expenses to even it out since I made no money and lost no money during the transfer of ownership.  Is that something I can do or should I just leave it blank and not mark it as sold?