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Investors & landlords
If you're only renting out the land, and not the building, then why are you including the cost of the building in the assets/depreciation section?
If the building was rented in the past, then it's a matter of removing the building from service and keeping the land in service. This is a bit tricky to do with TurboTax. But it's doable.
First, show the entire property (building and land) converted to personal use at least one day after the last tenant moved out.
Next, make a second entry in the assets/depreciation section for the land only. Make the in service date for this new entry at least one day after you removed the property from service in the prior entry. Adjustments for depreciation are not necessary here, since the land is not depreciated anyway.
Both entries in the assets/depreciation section will remain there until such time that you sell or otherwise dispose of "at least" the structure.