Working on a 1065. We have a residential rental property consisting of a house and land that was entered into TurboTax at purchase in 2015 (purchase price allocated between the two at the time). Now in 2021 we have bulldozed the house but still own the land. It appears the two assets are inseparable in TurboTax because the total basis that TT is writing off includes the land. When I go into the asset entry worksheet and change the basis to the remaining basis of the house only (at the time of disposal), I get an error saying that the basis should include the land. How do I write-off just the remaining house basis but not the land basis? Wondering if when real property is purchased, maybe the thing to do is enter land and house as two separate events not related to each other.
Thanks in advance for any help.
