JS2019
Returning Member

How to enter transfer of rental property to LLC?

Hi,

We contributed our rental properties to our newly formed LLC in 2019. Should l check the properties were "disposed" box in turbotax? If not, how to report it? Also, where I can quickly find the carryover basis that I need to input to the turbotax business? In turbotax business, how to enter related depreciation schedule for the house and other assets such as appliances etc.?