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Investors & landlords
Do you have a portion of the property segregated out as "Land". At least 10% of the value of your property should be set aside for the value of the land and the land is non-depreciable. TurboTax may calculate this value for you when you set up the asset if you request it to do so. That would account for a difference between the depreciation that you are expecting to see and the depreciation that you are seeing.
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March 29, 2023
12:03 PM