It's a 2-member LLC, Photography Business; assets include photo gear and computer equipment purchased over the past few years for personal use, which I will now be using for the business. I was informed that I can convert these to business use at their current market value and useful life (e.g. Camera Body, purchased Jan 2017 for $3,000 w/current value of $1,500 and 3 years of useful life remaining a/o Jan 2019). When I add this asset in TT, it automatically sets depreciation to 5-yr with no option to adjust for useful life of the converted asset.
