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Investors & landlords
Use the address of your LLC. To report the tools and equipment accurately, you will use the dates each were put into service. You may group these if some were put in service on the same date. If not, you need to list them separately.
As far as Depreciation method, please use the method described in this Turbo Tax article as a guide. Most tools would be depreciated over 7 years and equipment may vary depending on the type of equipment you have. As you enter the information, the program may ask if there was prior depreciation taken and the amount. If not, then you may need to determine how much the items that are not fully depreciated are worth now and then begin a depreciation schedule for these items.
Hopefully this will be a guide and if you have additional questions, please reach out.
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