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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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March 6, 2023
2:00 PM
558 Views