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Returning Member
posted Mar 4, 2020 4:41:06 PM

[solved] How to correct depreciable basis for rental property?

When entering my rental home information TT Premier 2019, it calculates the depreciable basis lower than the cost and therefore calculates a depreciation which does not match previous returns.

 

What is the correct method to change the depreciable basis from the automatically calculated one (which is not correct)?  

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1 Replies
Returning Member
Mar 4, 2020 4:53:00 PM

Nm - when it asks for the cost, I needed to enter cost of building+land, not just the building cost.  Problem solved.