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mark-s-slezak
February 7, 2025
Question

My brother and I own a rental property (50/50) that we are transferring to our newly formed partnership (50/50). How do we carry over the depreciation?

  • February 7, 2025
  • 1 reply
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    1 reply

    AmyC
    AmyC
    February 9, 2025

    You will have to enter the property with the original date of service for the depreciation to calculate correctly. The program will not like the date so you will have to change the incorporation date to enter the property.

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