I was advised by someone at H+R Block to treat this sale as "undeveloped land" or some other business asset rather than a rental property. That would avoid the ...
By "prevents passive losses from being released until the related party disposes of the property in a fully taxable transaction" do you mean when my sister sell...
Thanks@tagteam, but my sister's CPA has prepared a FTB form 593-E (as required by the state of CA) which credits me with the depreciation as well as the suspend...
I must clarify a few details:1) The property was technically not my father's but held in a bypass trust (irrevocable after my mother's death in 2004) and I was ...