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Get your taxes done using TurboTax
Carl, the OP said he was filing a 1065 (Partnership). When a partner contributes a depreciable item to a Partnership, the Partnership picks up the depreciation where it left off. So because of that, the "placed in service" date sort of *IS* before the Partnership began.
But as I said before, if you use the date the Partnership began (10/10/15) and leave the "prior depreciation" BLANK, it should calculate the correct current year depreciation.
But as I said before, if you use the date the Partnership began (10/10/15) and leave the "prior depreciation" BLANK, it should calculate the correct current year depreciation.
‎June 7, 2019
3:25 PM