AmyC
Expert Alumni

After you file

1. The property profile is probably where you entered the cost. You have to enter the house in the asset section where you entered the roof and windows.

 

2. Land does not depreciate. 

 

3. The program will ask how much you paid, enter the total paid. On the same screen, it will ask for the land value. Then the program will subtract the land value to calculate the basis for depreciation.

 

See: 

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