Investors & landlords

@aysoref there seems to be a lot of conflicting advice 

that post about the attachment to the partnership return comes from a thread by The Tax Advisor.

Turbotax suggests a completely different method per this link

https://ttlc.intuit.com/turbotax-support/en-us/help-article/rental-income/enter-rental-property-cont... 

if you follow the Turbotax approach you'll have to keep track of the depreciation taken when it was directly on your 1040. That depreciation is also subject to recapture upon the sale of the property.

 

 

subsequent review of additional info, I would conclude that the statement mentioned above is not needed because there is no adjustment to the basis for the contributing members to the partnership