jhartwv
Level 3

I've got a rental unit that was given up for 2 rental units with cash rec'd.  I've got it all recorded on the Form 8824, but don't know how to dispose of the assets given up on Sch E rental so as not to generate further gain and  depreciation recapture.

I've connected Fm 8824 to the Sch E, but don't see on the Sch E asset how it is connected.  What sales price is placed on the asset to clear it and have the sale on recognized only o Fm 8824?

Thank you for any assistance. 

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