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Investors & landlords
You must not be understanding the directions the program is telling you.
It tells you to reduce your Basis by your ownership percentage. So if the full cost of the property is $100,000, you would then enter $50,000 as the cost of the property. When you enter $50,000, the program will properly calculate depreciation, and there is no need to override anything.
It tells you to reduce your Basis by your ownership percentage. So if the full cost of the property is $100,000, you would then enter $50,000 as the cost of the property. When you enter $50,000, the program will properly calculate depreciation, and there is no need to override anything.
‎June 6, 2019
12:44 AM