So let's say the property was $56,884 and the land was $6,320. Total depreciation while in LLC#1 was $690. How do I enter this asset transfer to LLC#2 in TurboT...
The old partnership still exists as a multi-family property partnership. The property that was transferred was a single-family unit that was moved to a new LLC ...
Both LLC's have the same partners (me and my brother) in the LLC. It was recommended that we split our multi-family rental properties and single-family rental p...
