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Level 2
April 8, 2021
Question

Rental property in a single member LLC

  • April 8, 2021
  • 2 replies
  • 22 views

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?

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2 replies

Jim-from-Ohio
Intuit Community Champion
April 8, 2021

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

abctax55
Level 15
April 8, 2021

Why *would* you want to?

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