pjblouin
Returning Member

Investors & landlords

In my situation, I did enter the Building value only (no land value) in the original cost basis for depreciation.  So looks like this was correct on my part. 

But now, I just sold the rental and turbotax is calculating the gain based on final sales price minus the (building-only) cost basis, that's not correct!

 

what am I doing wrong?

 

Thanks