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Investors & landlords
@ColeenD3 I use the desktop version, and everything mentioned in the original post (date, cost, land, prior depr) is already there. To be more specific, the date of acquisition/conversion, cost of structure, cost of land, and the total depreciation already taken/claimed on the asset are all filled in based on the data I entered into the program when I originally set things up years ago.
Does the online version not do this "for you" also? The only data I have to enter is the sales price, sales expenses, date of the closing, and that's pretty much it. The desktop program deals with the rest (like depreciation recapture) for me, in the background.
‎April 19, 2022
8:32 AM