While entering it into forms mode works that is not the easiest or best treatment for this issue. Instead, you should treat this as a new asset that was acquired by your LLC on 6/1/23. It was purchased for the exact amount that was the remaining depreciable basis for each partner on the date of transfer.
The basis in the property transfers. And for the LLC this is a new asset so it will depreciate this new basis over the full 27.5 years of the rental property's useful life.
@ND207
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