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New Member
posted Jun 4, 2019 7:39:55 PM

Can TurboTax convert an individual rental property into an LLC property (disregarded entity) and preserve the depreciations, etc., and if so, how is it done?

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1 Best answer
Level 13
Jun 4, 2019 7:39:57 PM

A disregarded entity is "disregarded".  It has absolutely no effect on your income tax return and you continue filing as you've been filing.

Tom Young

1 Replies
Level 13
Jun 4, 2019 7:39:57 PM

A disregarded entity is "disregarded".  It has absolutely no effect on your income tax return and you continue filing as you've been filing.

Tom Young