I lost at rental property due to a fire. I took the insurance payout and razed the building. I still own the land and I do not plan to rebuild. Turbo Tax refers me to form 4684, but this in not in a federal disaster area. If I use to asset depreciation section instead, it wants to include the land, which I still own. How do I report this and reclaim the depreciation on just the building and the other items depreciated over the years?
