- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
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?
Topics:
‎June 6, 2019
5:58 AM