RMP
Level 1

I have a client with a schedule E for a rental the past 8 years. The house was originally deeded to he and his father (this information was never given to me 8 years ago) when his father died in 2019 the deed was changed to he and his brother (this information was not given to me). On February 18,2020 the deed was changed and his brother is now the sole owner of the property. How do I process that on my client's return? The new owner has not decided if he will continue using the property as a rental.

After finding out the history of the deed at the end of 2020 I am at a loss on how to process this on his return and schedule E.

Any help would be appreciated.

RMP

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