Hi, I run a rental business in an LLC with another member with the 50% split. The rental income and expenses, including the property tax, are handled in the LLC's bank account, but the rental property is still under my name. In that case, do I take the rental property depreciation in my LLC business tax form or do I take it in my personal tax form? Does it matter where the depreciationi is recorded? Also does it impact the 20% QBI deduction amount? Any help is appreciated. Thanks
