I am entering information for the Home Office Depreciation.
I purchased a home for $809,000 in 2022.
The Tax Assessor's Market Value is $413,300 total.
20% of their valuation is for the 'land' of $82,660 and 80% of their valuation is for the home of $330,640, for these to equal the $413,300.
How are any of these numbers entered into TT calculations. TT is asking for the cost of the home and the cost of the land? Thanks for any help you can provide.
