Are you entering this all on schedule E (rental section) in TurboTax and did the rental carry forward form 2022 when you first entered it?
Did you value the land and also the building? Land does not depreciate but the building does.
If the program is figuring 3,000 yearly depreciation, the value of that asset would be 82,500. Is that what you entered as the value of the building? That would leave 29,500 for the land. Does that sound right?
Look at your Schedule E line 18 and also Form 4562 as well as the depreciation worksheet to see what is being claimed and the values you put on your assets.
Depreciation is a BIG factor when you sell the rental as you may need to claim "Depreciation Recapture"
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