Thank you for that advice, I will try your suggestion to start with fresh depreciation details. Yes, nothing else will change if I ammend 2023 and Turbo Tax calculated 0 and 0 for what I owe or IRS owes me. It is only to correct the depreciation for 2023 and going forward.
Now, when I go into my 2024 return, go to the rental property, click on assets/ depreciation, update, "No, I want to review my answers to the annual election questions", go through until I get to the section labeled "Your property assets" , here I can click "edit" next to depreciation and I can change the land value to reflect the correct amount (this was the problem initially, I had way understated land and overtstated structure in 2023 since I didn't have my assessment yet).
TurboTax seems to then adjust the depreciation for 2024 correctly on form 4562. The only incorrect information on form 4562 for 2024 is that 2023 depreciation is $20 off ! I only owned the property for Oct, Nov, Dec.
Thank you, I will now try your suggestion and see if that also works.
