Ok here's the situation:
I have a property that has a main house and a carriage house (ADU). I have rented the carriage house since 2018, and I believe that I calculated the cost basis properly to capture depreciation in 2018. I used to live in the main house.
Now I rent BOTH houses.
Do I now calculate cost basis separately?
Is the cost basis for the main house my purchase price minus land?
How do I enter this into turbo tax?
Thanks for any help in advance.
