Thanks for the reply. Yes sales price is $0. I did something similar to your response. Instead of increasing Original Cost by the amount allocated to land, I reduced the Cost to the amount I had allocated to the house and changed Land Included in Cost to $0 (zero). Took land out of both amounts. So same idea - this calculated the correct amount of loss. Not sure how to add the land back so could be an issue when the land is sold (but I will worry about this later). I did look and the asset entry area seems to be only for depreciable assets but maybe there is a place for land also.
Thanks again for the response.
