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Get your taxes done using TurboTax
TurboTax calculates depreciation based on your entries. If you enter only the improvements that can be depreciated as the basis of the property and the subsequent improvements as separate assets, the program will calculate depreciation for each asset.
Land value is never entered as a rental asset because it is not depreciated. The value of the land only comes into play when you sell the rental.
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‎April 6, 2025
7:00 AM