Hello,
I have completed the rental real estate section of TT business where I have input the total cost of the property and and value of the land in the questionnaire, but when the depreciation report is generated the land depreciation basis does not appear and my grand total depreciation is incorrect. I then went back to the questionnaire and created a new asset for the land but i still cannot achieve an accurate depreciation basis. I am at a loss as to why this is.
Thanks,
Lu-