RobertB4444
Expert Alumni

Get your taxes done using TurboTax

If the start of the LLC is two months into the year then yes, you'll show the first two months on the same form as last year and then a disposal of the rental property at the exact amount of the basis (no gain or loss).  Then the LLC will begin depreciating it at the adjusted basis that transfers at the end of that two month period.

 

@justcool 

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