Does Proseries Basic have a streamlined way to remove rental assets as of the date of death of the Texas taxpayer who's spouse will be using the new FMV step up in basis?
I have 27 rental properties of a Texas taxpayer, who's spouse passed away in 2018. I will need to remove the assets from the depreciation schedule and enter the FMV of the rental properties to record the step up in basis that is allowed. Each rental property may have 7 or more line items that are from prior year major improvements. Just wondering if there is a more streamline way to do this.