Do you have a single-member LLC or multi-member LLC?
Are you converting assets to rental use or business use?
If this is a single-member LLC, you would add business assets in the Business Income and Expenses section under Assets Being Depreciated. If the assets are used in a rental real estate activity, you would add assets in Rental Property and Royalties section under Assets/Depreciation.
If this is a multi-member LLC, you would be filing a Form 1065, you would click the Start (or Update) button to the right of Business property/assets to add an asset used for business purposes and click the Start (or Update) button to the right of Rental real estate dispositions to add an asset used in a rental real estate activity. Note that you have to use those two sections despite the fact that you are not disposing of an asset in order to add an asset.
