Go back to the property that you're talking about and go back through the steps to enter the value of the rental for depreciation.
- Go to 'Assets/Depreciation' and click update
- Check 'No, I want to review my answers to my annual election questions'
- Click 'edit' next to the property and then click continue until you get to the screen that says 'Tell us about this rental asset'
- Under 'Cost' the first box needs to have the total cost that you paid for the property (in your example that would be $150,000)
- Then the second box should have the land value that is included in the amount in the first box (in your example that is $50,000)
- Click through. That should fix the problem.
@deafmgecko
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