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Business & farm
I have been renting this property out for a number of years. This year I started an LLC to limit my liability. I transferred the property title to the new LLC. I have depreciation and amortization from previous years for the same property. I did print the latest Form 4562's from TurboTax Premier 2021.
I have entered the start date of the LLC as 01/01/2022 in TurboTax Business. I have assets on my Form 4562 with date in service prior to 01/01/2022. The problem I have is the program will not allow me to enter any data from the Form 4562 earlier than 01/01/2022.
How can I work around this?
March 4, 2023
1:26 PM