Thank yo for the insight!
In the Desribe This Asset page I choose Rental Real Estate Property.
Then press continue,
Where it takes me to Tell Us A Little More page.
My options here are:
LAND IMPROVEMENTS
RESIDENTIAL REAL ESTATE
AMORTIZABLE INTANGIBLES
NONRESIDENTIAL REAL ESTATE
QUALIFIED IMPROVEMENTS-NON RESIDENTIAL
ROOFS HVAC FIRE NON RESIDENTIAL
OTHER ASSET TYPES
It seems my only option is RESIDENTIAL REAL ESTATE. Where it then asks me for the land value of the asset.
Help!? Do I enter zero in land value since that was established in my initial tax filing for this rental in 2017?
Or is it redundant and add land plus HVAC?
Thanks in advance,
James
