Yes, if the rental property appears on your return for the year after the transfer, you may remove it. However, if the "disposal" was properly reported, TurboTax should remove the property automatically. This includes all historical information, so heed Champ Carl's advice of 11/9/2022 and print at least the depreciation report for the property. The new entity may need some detail in the future that is lost when the property is deleted from TurboTax.
@cstoney04
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