Enter your Rental Property in the Assets section, after completing the Property Profile.
Indicate 'Real Estate' and you will be asked for Cost Basis of both improvements and land. You can use a Property Tax Bill to determine % to allocate to each.
Add the purchase costs and value of any improvements to your Cost Basis. Your cost basis in the property is generally the amount that you paid for the property (your acquisition cost plus any expenses), including any money you borrowed to buy the place.
Here's detailed info on Rental Property.
@dwheat17
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