Thanks, it make sence and I have spilit the depreciations by asset between LLC and personal return.

But running into another issue, the balance sheet has much higher liability then the asset, I think it is result the rental appreciated, and the current Mortgage is much higer then the original property cost ( the partner has been refinance and used to buy other rental property).

So I have to plug in the variance called Loan to Partners (and other LLC they created).

Does this sound right?