- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
For example:
Total Basis including the land (i.e., no land basis previously stated): $500,000
Accumulated (prior) depreciation: $200,000
If you indicate that your land basis is $100,000, then your accumulated depreciation will change because the $100,000 will be subtracted from the $500,000 in the program.
Try it out in the program. You don't have to save the file when you're finished.
‎October 24, 2023
8:23 AM