I am in a multi-member LLC which rents a house, beginning in June of 2024. The house was purchased for $485,000 and the land is valued at $79,600, leaving a basis of $405,400 (if I am wrong please correct me). I am using TurboTax Business 2024. Where do i enter this for depreciation purposes? If I enter it with Assets, it appears twice. Was it entered in automatically and I should not also enter it in the Assets section. Thank you for any help you can provide.
