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Irrevocable trust rental property no longer rental

dclay58
Level 1

I have a rental property pur chased under an irrv simple trust for 3 years, now the beneficiary has moved into the property.  Property will remain in trust, but proseries is still calculating full years depreciation instead of 90 days.  

How do I correct the depreciation amount as property is not sold?

 

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dclay58
Level 1
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2 Comments 2
sjrcpa
Level 15

Enter a disposition date but don't enter anything for sales price, not even -0-.


Ex-AllStar
dclay58
Level 1

Thank you.

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