All of the properties were imported with all of the income and expense information from the prior year. In addition, the program calculated the depreciation for furnishings and appliances. This depreciation was properly deducted to get to an income number, even though the calculated depreciation on furnishings did not show up on the summary of expenses for the property. As indicated previously, there was no calculation for the depreciation of the real property. I tried the workaround of editing the property but since no information from 2019 related to the real property value was imported it cannot do the math for depreciation.
I will wait for the fix, clear the data and start again. Thanks for your reply.
I also use Turbo Tax Business for other rental LLC partnerships. Turbo Tax business properly imported 2019 properties and calculated all of the 2020 depreciation for these properties. This makes me believe that the problem is with premier.
