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I contributed depreciated property to partnership. What is the palce in service date? Does depreciation life start over? How is this done in turbo tax?
The property contributed is rental property. My understanding is that I add it on the depreciation form at net book value. I am unclear on if I have to start depreciating all over again or if I can depreciation over remaining life.
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‎June 4, 2019
6:25 PM