Katy
Level 2

Investors & landlords

In the non-community property state scenario using TT Business, how do we handle (enter) the basis and depreciation of the property.  My property was rental property (Schedule E) for almost 10 years before we changed it to an LLC.  The new Business version is starting over with the 27.5 year depreciation schedule, and no where to acknowledge the previously deducted depreciation.