rental property that was a settlement in a divorce and I had to give it to her and buy her out?

[samrobertsiii]

What do I put on my tax return for this year, if I gave it to her end of 2023?

[Mike9241]

nothing. for 2024 delete the property from Turbotax. . 

According to Internal Revenue Code section 1041, a transfer between spouses, or former spouses, “incident to divorce” is not taxable in most circumstances. The transfer is treated like a gift, and the transferee takes the transferor’s tax basis in the property. Property settlements are nontaxable events, and the receiving spouse retains the cost basis. (and the transferor gets no deduction). The general rule is that neither gain nor loss is recognized on transfers of property between spouses or ex-spouses “incident to a divorce”.