Here is the Cost Basis and Depreciable basis calculation shown by Turbo tax:
Cost Basis: Building: $147197.00
Land: $148553.00
Toal: @$295750.00
Depreciable basis:
building: $147197.00
Land: n/a
Total: $147197.00
But at the end it calculates the depreciation for 2024 (5months) based on $61332.00
Will be really helpful if you can provide some input and where should I check to fix this?
May be there is some glitch in TurboTax software ??
