- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Turbo Tax no longer asks for "Cost of the Land" when describing a rental property that was sold. How do I account for the value of the land (vs the asset)?
The 2018 version of Turbo Tax (unlike the 2017 version) does not ask for the "Cost of the Land" when a rental property is sold. Under "Review Information," it only asks for "Cost" and "Prior Depreciation." It's unclear what "Cost" means--is it the Cost of the (Asset + Land)? Or the Cost of the Asset? If the latter, where do I enter the cost of the Land?
Topics:
‎June 1, 2019
11:13 AM