Rental Property to Personal Residence

[marielml]

We purchased a property several years ago (with personal money) and held it in an LLC and rented out it until late summer 2020.  Once the renters left, we changed the name on the deed to our personal names (we were the partners in the LLC).  We didn't sell the property, no money was exchanged.  Turbotax wants us to "dispose" of the property and is showing a big loss which is not accurate. How do I handle this for tax purposes?

[M-MTax]

Good thread to read here https://ttlc.intuit.com/community/business-taxes/discussion/after-2-member-llc-converted-business-as...