Thank you ThomasM125. Your suggestion worked great.
We have another question. Regarding Form 709 (not supported by TurboTax software), we gifted our son residential Rental Real Estate. We, the Donors, are assessed gift tax on Fair Market Value but have heard that our son must carry our Depreciated Basis as his Basis, not the Fair Market Value.
Hope this is not true.
Again, thank you so much for your help.
