Thanks Carl. Let me elaborate a little more. I purchased a house in 2019 and live there as my primary residence, but also rent out the other bedrooms. It is a rental property with X% for business use. I was prompted for the Cost of Land on my Asset/depreciation worksheet. Since I was also asked for the amount paid for the house, and then followed up by the Cost of Land question, I think appraised / market value is really what I should be using, right? Assessed value is way too low, and I think only used to assess property tax.. Do I have that right? Thanks again
