The cost of the land is not reducing the cost of the asset; the Accumulated Depreciation on the Asset is reducing the Cost Basis.
You entered a Cost Basis of the Rental at $43,110 and a Sale Price of $52,560; there's a Gain already without subtracting Accumulated Depreciation from the $43,110. How many years have you rented the property? The Depreciation of $1,986 you mention sounds like one year only.
If you have rented the property for several years, you will almost always have a gain on the sale.
Click this link for info on how to enter the Sale of Rental Property.
This link has helpful info on Calculating Rental Property Depreciation.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
