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ronddavidson
New Member

How do I report a mortgaged rent house I sold in 3/16 to my brother on a non interest note to me? I make payments for the original mortgage, property taxes and insurance.

How do I handle prior depreciation and do I continue to depreciate until the the note to me is paid for?

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view2
New Member

How do I report a mortgaged rent house I sold in 3/16 to my brother on a non interest note to me? I make payments for the original mortgage, property taxes and insurance.

Tax implication are complex in sales to a related party and you should seek the advice of a tax Pro.

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view2
New Member

How do I report a mortgaged rent house I sold in 3/16 to my brother on a non interest note to me? I make payments for the original mortgage, property taxes and insurance.

Tax implication are complex in sales to a related party and you should seek the advice of a tax Pro.

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