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Get your taxes done using TurboTax
The CPA had included the cost of the land also while calculating the deduction. His deduction is almost double what I am getting from TurboTax.
I have entered all the numbers correctly within TurboTax, including the date the property was purchased and when it was rented out. The cost of the land and the property was separately entered too.
So now, could this difference in the deduction amount cause an audit?
‎February 24, 2021
7:20 PM