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Transferring Property from LLC to Personal / How can I prorate depreciation

Following the conversation well until I get to the override of calculated depreciation. I do not understand where the question arises. 

Doesn't TT correctly calculate depreciation for a partial year anyway?

Shouldn't the LLC only report part year depreciation which would not require any proration?

Am I simply worrying that a specific individuals situation is a general requirement?

RobertB4444
Expert Alumni

Transferring Property from LLC to Personal / How can I prorate depreciation

@WilHen02  TurboTax does calculate accurate depreciation for partial year periods.  It even allows you to enter the accumulated depreciation up to the day that you take possession.  The specific issue above should not apply to you.

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