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.