Yes, they are the same property in both forms.
However in form 4797, it reported the deprecation values of my improvement and land of the property on two separate entries.
Form 4797
1. Property A bonus depreciations + initial recorded improvement value
2. Property A initial record land value
Another thing I saw was that Turbo Tax indicated a PAL (Passive Activities Loss) of more than I punched in for Property A. I punched in for a loss of around 14k, but Turbo Tax went and calculated almost 180k in the Passive Activity Loss worksheet. I think it's calculating the initial deprecation and gradual bonus depreciation values. Otherwise, I"m not sure where it's getting this 180k value from. This huge loss is offsetting my Passive Activity Income (74k for this year) to 0. And, if this is true, I expect this to carry over, but my gut says this is a mistake by Turbo Tax.
Thanks
