Carl
Level 15

Investors & landlords

I'm sure you're aware I"m clueless when it comes to state taxes. But what I did was take line 4 in the amount of 116670 and from that subtracted line line 8 amount of 66667 and that resulted in your line 52 amount of 50,003. To me, that would be the depreciable basis, and I note the line is labeled "Depreciable basis".