Hi AmeliesUncle,
Are you entering a cost/value for land?
If so, when you enter your 'cost' for the home, you enter the TOTAL cost (building and land combined), which would mean you would enter $315,881 *PLUS* whatever the land cost.
Prior to 2023, my number for the field of Cost/Cost basis is the building + misc costs ($315,881) and I entered $135,377 in the Cost of Land, and I got $11487 for every year depreciation. But I only stopped using TurboTax for 2023, I filled in the same number for Cost/Cost basis and Cot of Land, I could not get my 2024 depreciation as $11,487. I tried to fill $0 for the previous total depreciation or took TurboTax calculated previous total depreciation numbers, neither case could give me $11,487 for my 2024 depreciation.
Yesterday I uploaded 5 screenshots to explain what I filled and what I got in TurboTax.
