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New Member
posted Jun 6, 2019 5:37:18 AM

Can I continue on the same deprecation schedule if I deed a rental property from an LLC to my personal name the LLC was dissolved in the end of 2016?

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1 Best answer
New Member
Jun 6, 2019 5:37:19 AM

If the LLC was a single member LLC and you were the only member, then just continue on the same depreciation schedule.  Just edit and change the name on the Rental Property if it showed the LLC previously.

On the Rental and Royalty Summary screen, click on Edit and Update under Property Profile.  You can change the property description if you had the LLC name there.

1 Replies
New Member
Jun 6, 2019 5:37:19 AM

If the LLC was a single member LLC and you were the only member, then just continue on the same depreciation schedule.  Just edit and change the name on the Rental Property if it showed the LLC previously.

On the Rental and Royalty Summary screen, click on Edit and Update under Property Profile.  You can change the property description if you had the LLC name there.