MarilynG1
Expert Alumni

Investors & landlords

Yes, you can enter full amounts and indicate the % of ownership in the Property Profile in the Rental Section. 

 

Your Cost Basis will be the FMV at time of death (stepped-up basis). 

 

The Property Tax records are used to determine the % of Land to Building ratio when reporting Land and Building basis amounts.   

 

Here's more info on Entering Rental Property

 

 

 

 

 

 

 

 

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