I entered all of my rental property information and Turbo Tax has incorrect information on the Depreciation Report as well as not calculating any depreciation. My purchase price was $155,000 and the land value is $25,400. On the Depreciation Report the land value field has $156,788 and nothing in the Cost (Net of Land) field. This is obviously why my depreciation is zero, but I have no idea where it's getting this value from and why the Cost field has nothing in it.
