Investors & landlords

HelenC12 · ‎March 14, 2023

I was not able to recreate what you are experiencing in TurboTax. Per you information, I entered the cost basis as $245,919 less land $24,360. The TurboTax Depreciable basis is $221,559 ($245,919-$24,360).

If you are claiming Percentage of business use less than 100%, that would affect the depreciable basis.

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