@Berchu it seems rather odd the way TurboTax asks for your cost on real property. But it's the most efficient way to enter the data so that the program can figure the depreciation basis the way the IRS figures it.
I've seen some programs that will ask for the land value and the structure value separately, treating the sum of those values as the total cost basis.
But TurboTax asks for the total cost first. Then it asks you how much of that total cost is for the land. Then, the program (not you) subtracts the land value from the total cost to arrive at the amount of that total cost that will be depreciated.
Personally, I would prefer the program to asks for all three; i.e., total cost, cost of structure, cost of land. But I understand why the program doesn't do it that way, since there are some things that can add to your total cost basis. For example, title transfer fees are added to your cost basis, and the program does ask you for that, among other costs that add to the cost basis.
