Ok, I know what you mean and I didn't change the amount of deprecation over the years...
Total cost of house was $172,000 and my accountant at the time set the basis at $153,000. So when I first used TurboTax and set up the rental stuff, I put the basis for the house (for deprecation) at $153,000. Now when I sold it, and I entered in the value for the land, it showed a huge gain for land because I never put the value of land in when I entered the property information.
I went in and changed it on the worksheet to show the total of the asset to be $172,000 and the land portion to $19,000 which left the basis for the property at $153,000 and not change the deprecation over the years. Now on the 4797, it shows, what I believe, correct.
In part I, under "Sales or exchanges of property..." it shows the land and the correct sales price and basis.
In part III, it shows the house under property A and the correct numbers that I entered.
