Welcome back! Ask questions, get answers, and join our large community of tax professionals.
  • Products
  • Workflow Tools
  • Learn & Support
  • Sign In
  • Products
  • Workflow Tools
  • Contact Us
  • Sign In
  • Learn & Support
    • Created with Sketch. Important information for the upcoming April 15th deadline. Click here.
    Created with Sketch. Important information for the upcoming April 15th deadline. Click here.
    cancel
    Turn on suggestions
    Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
    Showing results for 
    Search instead for 
    Did you mean: 

    Rental property in a single member LLC

    bondcpa
    Level 2
    ‎04-08-2021 11:53 AM

    Taxpayer had Schedule E rental property in the past. In 2020, they established a single-member LLC. My question is, how do you transfer the Schedule E property to Schedule C without losing depreciation history?

    0 Cheers

    This discussion has been locked. No new contributions can be made. You may start a new discussion here

    2 Comments 2
    Jim-from-Ohio
    Level 11
    ‎04-08-2021 12:04 PM

    You don't.. it remains on Schedule E. 

    abctax55
    Level 15
    ‎04-08-2021 12:05 PM

    Why *would* you want to?

    "*******Tax software is no substitute for a professional tax preparer*******
    ( Generic Comment )"
    Intuit Lacerte Tax
    Intuit ProConnect Tax
    Intuit ProSeries Tax
    Additional Accounting Solutions
    Tax Pro Center
    Tax Practice Resources
    Call sales: 844-877-9422
    Sitemap

    ©1997-2024 Intuit, Inc. All rights reserved.

    Intuit, QuickBooks, QB, TurboTax, and Mint are registered trademarks of Intuit, Inc. Terms and conditions, features, support, pricing and service options subject to change without notice.

    By accessing and using this page you agree to the Terms and Conditions.

    About Cookies | Manage Cookies
    Legal Privacy Security