chucky1
New Member

Investors & landlords

@Carl, I built and ADU in my basement so for TurboTax I am entering based on square feet that 33% of my house is 100% business. I use the 33% for all bills, land tax, etc. When figuring out a cost basis of the rental, can i, or is there any benefit to, depreciate 33% of the land value from my tax assessors statement? Thanks