Anglis
Level 3
03-28-2024
07:41 PM
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How do you remove the rental property from Schedule E on personal return, when transferrring to a irrevocable trust. The family owner has dementia, so they are trying to protect the rental. It is still commercial rental property. I am only removing from personal return, she has someone doing the trust return. I do not have any experience with irrevocable trusts.
Thank you
Angela