Investors & landlords

@DianeW777 

Thanks for the confirmation Diane!

I  have been updating TurboTax Premier based on your guidance.  I do have a couple more questions:

1. Do I need to be concerned with the Prior Depreciation value that TurboTax calculated for Properties 2 and 3 in respect to the "original" basis asset entry?  Can I assume that it is correct based on the cost, land portion of cost, and asset business use start date that I entered?
2. For Property 2 (Ford Distribution Center), the "original" basis value defaults to a 39 year depreciation schedule because the replacement property is a warehouse.  The same goes for the "additional" basis entry.  Is that correct, or do I need to somehow override that to 27 1/2 years...?...at least for the "original" basis depreciation?  If YES, how would I perform that override?

Thanks so much!

Jamie