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Deductions & credits
How are you entering these figures. As a new rental, just being placed in service, the only entries can be adjusted basis (calculated by hand) minus the land. While there are many different screens asking for detail, these tend to be more for people who don't understand the calculations. Your beginning basis is $571,176 for the building and $227915 for the land.
Just keep VERY detailed records of all these calculations.
March 16, 2021
3:33 PM