This is for Rental Property:
I have the previous Depreciation and Amortization Report from my last years private CPA. On Turbo Tax it wants me to put the same purchase date as my LLC started, but I owned my rental property prior to creating my LLC. Now Turbo Tax is saying "Oops...you entered 01/13/2006 as the asset purchase date. This date cannot precede the business start date of 02/20/2018. An asset will not begin depreciating until the business begins using it. And since the purchase date wasn't in 2024, select Back to Change it. " Can someone assist me with how I can properly addendum this to correct my date and Method of Depreciation?
