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Investors & landlords
If we are stepping-into-the-shoes of this property with the new partnership using the same depreciable life, holding period, method, etc. starting 10/1/2021, do we depreciate all the previous assets from the old LLC up to 9/30/2021 and "step in" the depreciation on the new LLC from 10/1/2021 to 12/31/2021? That seems rather complicated to do in Turbo Tax.
‎February 28, 2022
10:44 AM