- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
I think you need to add it as a new asset on your Schedule C and start the depreciation over starting with the current value (after depreciation) from the S Corp. It's new to the sole proprietor. You don't need to enter any prior depreciation. Just start with the lower value.
‎June 16, 2022
2:07 PM