Investors & landlords

@RobertB4444 your solution is not correct.

Contribution of property into an LLC taxed as a partnership is a step into the shoes transaction.

As such, lives, methods, holding period all carries over to the LLC.

The depreciation does not start over.

 

*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.