Can I transfer one assets from one rental property to another rental property in turbo tax and how

[Ihatedoingtax]

I sold one rental property in 2021 but there is one depreciated asset which is an electrical  ladder cost $3000 and put in service in 2020. I need to transfer it to another property. Can I do it in turbo tax? If yes,how to do it in turbo tax?

[DianeW777]

Yes, you can delete it in the rental property that was sold and then add it to the property you still have.  Be sure to write down the date placed in service and the total prior depreciation so that when you enter it you have all the correct information. 

You can use the full year depreciation on the property that is still using the asset. The asset will continue on like it was always under the rental you still have.