Income Tax on a rental home

[Jim Huber]

I have a rental home with an old Girlfriend  I know not smart !! I do not want to have any interest in this home and have decided to quit claim my interest in the home back to her.I am not on the Mortgage.My CPA informed me that becausae of the number of years it was rented  Depreciation etc that my income tax burden is around 8K. Is there any way to defer this tax burden or minimize it? I read somewhere that if she agreed to an agreement to pay me back for my interest this would affect the tax situation?Thanks