Investors & landlords
Thank you so much for your response.
The land value is required on the web version. I tried leaving it empty but it won't let me continue so I calculated 25% of the land value and 25% of the market value and put it there as you can see on the screenshot but it looks like it gets the real depreciation info from the home purchase price. Can you help me confirm what values need to be placed on the home information section? Do I need to calculate 25% of the purchase price and all closing costs associated with it? Because the question is clearly asking for the full purchase price but I'm guessing I have to calculate the 25% of the purchase price even if those numbers would be a bit odd since you can't purchase a price for 67k around here. After taking 25% of the purchase price & market value & cost of improvements minus the land(25% of land number added there) my values would look more like the first picture. Is this correct ?
Also, where you can you can also enter the % of your home for depreciation, there's no section to do that in the web version. It may be because when I started I chose to calculate values myself ? I may have made this whole thing harder for me my calculating things myself but it sounds like we have to if we want to get things right.
Attaching these screenshots for clarify on the screens I'm confused about. Thank you so much for your help!
