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Investors & landlords
so you have to enter the $3501 and then the new start date of 3/1/20.
Flat out wrong. The amount entered in the "COST" box is the "ENTIRE" amount paid for the property when originally purchased. That *INCLUDES* the price of the land. From that amount, you subtract the depreciation already taken, and that "NEW" total is what gets entered in the COST box.
March 26, 2021
11:46 AM