Hi Rick19744,
Thanks for this explanation of how to transfer a depreciation schedule from one LLC to another, when the ownership of the divided and recipient partnerships remain the same and there is essentially "no change" to the ownership of the property. I am in the exact same situation this tax season.
At the end of your post, your recommendation was to work with a tax professional on this. I am more of the "do it yourselfer" persuasion (which is why I use TurboTax to do my taxes). After looking into the different button and options available to me in TurboTax Business desktop, I don't see the buttons to do what you are recommending. Is there a way to do what you are recommending in TurboTax Business desktop? Or is the software limited, where doing this isn't possible. If it is possible, would you be willing to detail what buttons to push and what pulldowns to choose to do what you are suggesting?
Best regards,
Andrew (TheGenCom)
