kjm
New Member

I bought a house, land was worth more than the house, based on county appraisal district. TurboTax is giving me an error and not allowing any depreciation.

This is in a part of Houston where houses are old and being torn down and rebuilt. Houses are being sold based on the value of the lot, not the house. How do I deal with this in TurboTax? Do I just ignore the warning, or do I need to move some of the land value to improvement value?