JeffreyR77
Expert Alumni

Business & farm

Thank you for the additional information.

 

You can disregard the prior rental period as that was a different entity. 

 

The historical deprecation should have been addressed in the sale of the property from the LLC to you as a individual.

 

There is no prior depreciation and your date in service begins in 2020. 

 

For 2020 your basis for depreciation is the $70,400 plus any improvements you made since you purchased the condo in 2014.