Thank you for the response.
I think using form mode works, but I'm still having a couple issues I'm hoping you can help me with.
One of the members started taking depreciation on the property 2/26/21, so in form mode I entered that as the in-service date. The property was effectively transferred from member to LLC 6/1/23, so member is taking depreciation attributable to 1/1/23-6/1/23, and LLC needs to account for depreciation for 6/1/23-12/31/23. I entered under "Prior Depreciation" on worksheet the total amount of depreciation taking by member prior to the 6/1/23 transfer (i.e., from 2/26/21-6/1/23). I also inserted 6/1/23 as "Date Acquired", but Turbo Tax thinks that is an error.
1) How do I spilt depreciation for 2023 so only part year passes through LLC (i.e., depreciation for 6/1/23-12/31/23)?
2) Using form mode, depreciation schedule generated by Turbo Tax (using SL/MM) shows correct annual depreciation, except for current year. For current year, it's a smaller number (but still not number it should be if accurately split depreciation between member and LLC as of 6/1/23). What would be causing that?
THANK YOU AGAIN!!
