No, it is not a bug and yes it is incorrect. You must enter 50% of the cost basis of the home and 50% of the cost basis of the land on each tax return to achieve the correct depreciation for each of you. Once you correct the cost basis on each of your returns, the depreciation will be accurate for both of you. Assets are not treated the same way as operating expenses because it gets very complicated and there can be various scenarios.
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