topic My Husband wants to gift his brother and co-partner a building they both owned and rented. Where should this be added in Turbo Tax in Investors and rental owners https://turbotax.community.intuit.ca/community/investments-rentals/discussion/my-husband-wants-to-gift-his-brother-and-co-partner-a-building-they-both-owned-and-rented-where/01/942304#M6278 <P>T776- Statement of Real Estate Rental;-&nbsp;Gift Rental Property to co owner.</P><P>Gift Rental Property (Building) to Co-Owner. <BR /></P> Thu, 31 Oct 2019 09:36:48 GMT annelazzara 2019-10-31T09:36:48Z My Husband wants to gift his brother and co-partner a building they both owned and rented. Where should this be added in Turbo Tax https://turbotax.community.intuit.ca/community/investments-rentals/discussion/my-husband-wants-to-gift-his-brother-and-co-partner-a-building-they-both-owned-and-rented-where/01/942304#M6278 <P>T776- Statement of Real Estate Rental;-&nbsp;Gift Rental Property to co owner.</P><P>Gift Rental Property (Building) to Co-Owner. <BR /></P> Thu, 31 Oct 2019 09:36:48 GMT https://turbotax.community.intuit.ca/community/investments-rentals/discussion/my-husband-wants-to-gift-his-brother-and-co-partner-a-building-they-both-owned-and-rented-where/01/942304#M6278 annelazzara 2019-10-31T09:36:48Z He would have to report the disposal of the building on S... https://turbotax.community.intuit.ca/community/investments-rentals/discussion/he-would-have-to-report-the-disposal-of-the-building-on-s/01/942305#M6279 <P></P><P>He would have to report the disposal of the building on Schedule 3 (capital gains/losses).</P> <P>If you husband is no longer going to receive rental income from the building, then he would have to fill in a T776 for the property and indicate it’s the final year of operation. He would also have to dispose of any CCA assets related to the building. </P><BR /><P></P> Thu, 31 Oct 2019 09:36:51 GMT https://turbotax.community.intuit.ca/community/investments-rentals/discussion/he-would-have-to-report-the-disposal-of-the-building-on-s/01/942305#M6279 TurboTaxSusan 2019-10-31T09:36:51Z
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topic My Husband wants to gift his brother and co-partner a building they both owned and rented. Where should this be added in Turbo Tax in Investors and rental owners
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https://turbotax.community.intuit.ca/community/investments-rentals/discussion/my-husband-wants-to-gift-his-brother-and-co-partner-a-building-they-both-owned-and-rented-where/01/942304#M6278
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<P>T776- Statement of Real Estate Rental;-&nbsp;Gift Rental Property to co owner.</P><P>Gift Rental Property (Building) to Co-Owner. <BR /></P>
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<pubDate>Thu, 31 Oct 2019 09:36:48 GMT</pubDate>
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<dc:date>2019-10-31T09:36:48Z</dc:date>
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My Husband wants to gift his brother and co-partner a building they both owned and rented. Where should this be added in Turbo Tax
</title>
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https://turbotax.community.intuit.ca/community/investments-rentals/discussion/my-husband-wants-to-gift-his-brother-and-co-partner-a-building-they-both-owned-and-rented-where/01/942304#M6278
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<P>T776- Statement of Real Estate Rental;-&nbsp;Gift Rental Property to co owner.</P><P>Gift Rental Property (Building) to Co-Owner. <BR /></P>
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<pubDate>Thu, 31 Oct 2019 09:36:48 GMT</pubDate>
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He would have to report the disposal of the building on S...
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https://turbotax.community.intuit.ca/community/investments-rentals/discussion/he-would-have-to-report-the-disposal-of-the-building-on-s/01/942305#M6279
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<P></P><P>He would have to report the disposal of the building on Schedule 3 (capital gains/losses).</P> <P>If you husband is no longer going to receive rental income from the building, then he would have to fill in a T776 for the property and indicate it’s the final year of operation. He would also have to dispose of any CCA assets related to the building. </P><BR /><P></P>
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<pubDate>Thu, 31 Oct 2019 09:36:51 GMT</pubDate>
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https://turbotax.community.intuit.ca/community/investments-rentals/discussion/he-would-have-to-report-the-disposal-of-the-building-on-s/01/942305#M6279
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<dc:date>2019-10-31T09:36:51Z</dc:date>
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