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We were renting from ourselves and closed the business in 2015.. How do I move an asset from Schedule C to Schedule E effective 1/1/2016?
We ran a restaurant in a building we own. We were required to install a large grease trap after we closed our business in order to lease the restaurant to a new operator. The asset was listed in my schedule C but I would like to move the asset to my Schedule E effective 1/1/2016 in order to continue the asset depreciation. I am not sure how to move the asset in Turbo Tax.
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‎June 3, 2019
5:35 PM