[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)?

posted

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

Prior Depreciation for a sold rental property: Asking for Total Depreciation Claimed & Total AMT Depreciation. TT calculates a big #, though I never took depreciation?

in Investors & landlords

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

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