joanmcq Posted April 24, 2007 Report Share Posted April 24, 2007 I'm trying to finish my return (see direct debit hell below), and have one rental on 'converted to personal use' (stopped renting room in house) and another rental with a disposition with no gain or loss (gave my interest to ex in divorce property settlement) and am getting warnings up the wazoo about putting in the sale price and business use percentage. Tried one at zero and zero, and am still getting a warning. Anyone know what is up? Where's William when you need him???? Quote Link to comment Share on other sites More sharing options...
D Eckerman Posted April 24, 2007 Report Share Posted April 24, 2007 if it is inblue - it will let you thru if you've everything correct with the transaction. if red - use $1? Quote Link to comment Share on other sites More sharing options...
kcjenkins Posted April 26, 2007 Report Share Posted April 26, 2007 On the one to the ex-spouse, just put in the book value as the 'sales price', and it should fly. On the 'converted to personal use' one, if you want to you can just change the business percentage to zero, and it will suspend the depreciation, and you can just carry it that way until disposition. KC Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.