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Depreciation
I purchased a rental house in 2013. Created an LLC in 2018 and put the house in it. I have always prepared my taxes using Turbo Tax until last year when I hired a CPA because of the LLC.
Now I am trying to finish depreciating improvements on the house and I'm getting a message from Turbo Tax that I can't enter anything prior to 2018 because that's when the business was started. It is when the LLC was started, but I had the house for 5 years before that.
What do I do about this?
Topics:
‎February 26, 2020
4:45 PM