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Investors & landlords
Thanks -- that did the trick! It seems that the land "asset" with 0 cost that showed up in the Taxact import should probably just be removed. In the worksheet mode, I updated the "asset" for the structure: I changed the cost to the full original property purchase price (it had previously been 75%), and then set the "amount of land included in the cost" to 25% of purchase price. The depreciation table now looks fine. Thanks again!
‎July 6, 2022
10:47 AM
1,344 Views