Carl
Level 15

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How do I enter assets under this scenario to get the depreciation correct?

You have to use the original in-service date from 2013 when the property was originally placed in service. Then assuming you have already entered the K-1 information, when entering it in the SCH E section of the program, your prior depreciation taken will be the total of the depreciation from 2013 thru 2019, plus the amount of depreciation shown on line 16 of the 1065. (Or that share of the depreciation that applies to your share of ownership now, if that applies to you.)

Now I would expect that depreciation to already be shown on page 2 of the SCH E. However, I don't see a spot for it anywhere on page 2. The only thing I see of page 2 of the SCH E that even relates to depreciation, is the SEC179 expense which normally doesn't apply to rental property. (I said *NORMALLY*, not always.)