I purchased a rental house in 2011 for $213k, basis at 80% = $170k. I have taken depreciation over the years of $46,193, basis now is $125k. I setup a new LLC as of 1/1/2019 with this rental as the only asset. FMV now is $300K. What value do I enter in TurboTax Business Form 1065? Thank you.
