I have deeded a rental property to my handicapped & non dependent daughter. I have reported the rental income for years. how do I make the transition on my return?

posted

Didn't get the answer you wanted? Our digital assistant can help you.

1 Best answer

Accepted Solutions

I have deeded a rental property to my handicapped & non dependent daughter. I have reported the rental income for years. how do I make the transition on my return?

On your return you will indicate it was taken out of service and converted to personal use. This will stop the depreciation without selling the property.

View solution in original post

1 Reply

I have deeded a rental property to my handicapped & non dependent daughter. I have reported the rental income for years. how do I make the transition on my return?

On your return you will indicate it was taken out of service and converted to personal use. This will stop the depreciation without selling the property.

Still have questions?

Make a post

Manage cookies

Expert does your taxes

Do it yourself

Resources

Support

I have deeded a rental property to my handicapped & non dependent daughter. I have reported the rental income for years. how do I make the transition on my return?

I have deeded a rental property to my handicapped & non dependent daughter. I have reported the rental income for years. how do I make the transition on my return?

I have deeded a rental property to my handicapped & non dependent daughter. I have reported the rental income for years. how do I make the transition on my return?

Get more help

Ready to start your taxes?

Do you have a TurboTax Online account?

I have deeded a rental property to my handicapped &amp; non dependent daughter. I have reported the rental income for years. how do I make the transition on my return?

I have deeded a rental property to my handicapped &amp; non dependent daughter. I have reported the rental income for years. how do I make the transition on my return?

I have deeded a rental property to my handicapped &amp; non dependent daughter. I have reported the rental income for years. how do I make the transition on my return?

Get more help

Ready to start your taxes?

Thank you for helping us improve the TurboTax Community!

Sign in to Turbotax

File your taxes, your way

Access additional help, including our tax experts

Post your question

Connect with an expert

I have deeded a rental property to my handicapped & non dependent daughter. I have reported the rental income for years. how do I make the transition on my return?

I have deeded a rental property to my handicapped & non dependent daughter. I have reported the rental income for years. how do I make the transition on my return?

I have deeded a rental property to my handicapped & non dependent daughter. I have reported the rental income for years. how do I make the transition on my return?