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Level 1
posted Feb 11, 2022 6:25:56 AM

I have an asset I purchased (acquired) on July 1, 2021 but Form 8829 shows the "Date placed in service" date as 1/1/2015 (when LLC started). How do I change this?

During my federal check, TurboTax identified an error that I can't seem to fix.  It shows I purchased an asset on 7/1/2021 (which is correct) but then it shows the Date placed in service as 1/1/2015 which is incorrect.  I can't change the 1/1/2015 (which is when the LLC was formed) to 7/1/2021.

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1 Replies
Level 15
Feb 11, 2022 8:07:39 AM

Just delete the asset in the Assets/Depreciation section, then add it back anew with all the correct information.