I received a 1099-S from the state for seizing a strip of land from my rental property to widen a road. How do I enter the 1099-S? Turbo Tax seems to only offer a entire sale option, but the rental property itself is untouched. I saw another post where it recommended to log this as an investment sale, but how can I decrease the basis in the land for the asset in Turbo Tax? It shouldn't affect the depreciation since only land was taken?
