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I have a customer that quit claimed a rental property to his parents, how do i get rid of it on his return since is not his propety no more. and it was not a sale.

scarbajal
Level 1
 
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2 Comments 2
Jim-from-Ohio
Level 11

call up Schedule E worksheet.. click on Forms, Remove Schedule E worksheet, Remove Listed Forms.. that should delete corresponding assets as well

BobKamman
Level 15

Was it mortgaged?  Was the loan more than the fair market value?