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Get your taxes done using TurboTax
you may have over-depreciated the home. when you purchased the property you were supposed to enter the total cost of the property and then in Turbotax, you were supposed to enter the land value on that line so only the house was depreciated. as an alternative, you could have entered just the cost of the building exclusive of the land.
so what did you do with the land cost when you bought it. that will affect how the sale is reported
‎February 2, 2022
1:48 PM