@seattlefuze wrote:
So, using your example, I am suggesting that I increase my property value to 100,000 and add 15,000 as the associated land value, resulting in my depreciable value staying at 85,000,
I understand--the dollar value of the accumulated depreciation doesn't change because it was calculated on the correct basis, but the program doesn't know about the additional basis of the land.
I can't help you fix it because I don't use this section of the program. I suspect that you are using Turbotax for 2022 installed on your own Mac or PC, since it is too early for 2023, and the 2022 online version should be closed. It's possible that adding it to the asset table won't change anything else important. Or, it might be possible to add the basis of the land to one of the internal program worksheets by means of the override function. Note that overrides prevent e-filing (but it's too late for that anyway) and may void the accurate calculation guarantee. If you want to try an override, I can page a couple of people who might be able to tell you where to find it.
@rjs
@Critter-3
@Carl
