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sold a rental property depreciation
sold a rental property owned for over 40 years in 2022.
It has been fully depreciated for OVER 20 years.
looks like when I started using turbo tax in early 2000's,
I must have put in full price of property and did not separate land.
I believe originally return had net land value.
This full price has carried forward for the last 20 years.
Is there a way to correct this error or do I continue with full price as what was depreciated?
This is what my return has indicated for 20 years.
House cost 37,600 in 1979
March 1, 2023
4:34 PM