No, don't delete the house/land entry. All of your asset costs have to total the purchase price. You need to adjust the basis of the house & land being depreciated over 27 yrs and remove the cost of the assets you have listed individually. See Kris D15's reply right above your post. @Ru771
- A cost segregation study tells you how to segregate specific aspects of any rental property, such as appliances and carpets. If you made improvements after the purchase, you would automatically segregate them. If you just bought the building and wish to segregate a specific asset, then you need to determine which they are and enter them separately from the house.
- You just have to find a way to allocate a reasonable amount to each asset and subtract it from the purchase price.
Cost Segregation
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