cmwires
New Member

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?