Rental property in a single member LLC
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?
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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