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Business & farm
Unfortunately, in TurboTax Business it is not made clear as to which dates to enter where and why.
The program has two dates you can enter, the date of incorporation (effective date of your corporation's existence) and the S corporation election date. Note that there is no "business state date".
The program will not allow you to input an S corporation election date that is prior to the date of incorporation. If you try to input the same dates for the incorporation and the Sub S election, you are going to have issues with property transferred to the corporation that was placed-in-service prior to those dates.
Therefore, if you enter the 2016 date as the election date and enter the 2014 date as the incorporation date, you should not experience any issues with incorrect depreciation schedules.