Hi,
We have been using CPAs for 10 years but there is a change this year so we are using TurboTax this year ourselves.
I have prior year tax returns, and am trying to setup rental depreciation in TurboTax. I can see the depreciation of the land is over 27.5 year
Basic question, in TurboTax Desktop, how do I input the STRUCTURE part?
I watched a video: https://youtu.be/UiW_Bfx7co0, and followed through "Property Profile" but there is no place for me to input total price, land price etc. as shown in the video around 11:59.
Are we supposed to input STRUCTURE in below "Assets/Depreciation" section?
Another question is my CPA has "LESS EXCLUSION" items in prior year returns. I can't understand why he put there. Of course can't ask him now since we are not using his service.
Appreciate your help in advance.
Regards,
ZQI
