Where do I enter basis for rental property . Does premier have this

Bought rental property Doesn’t it need to know this for 27.5 year depreciation

Level 15

Yes, it does. Report the rental property asset and its cost basis for depreciation purposes.

In TurboTax Online, access the rental property asset as follows:

Down the left side of the screen, click on Tax Home.
Click on the down arrow to the right of Review.
Click on the blue band labeled Review.
Down the left side of the screen, click Federal.
Down the left side of the screen, click Wages & Income.
Scroll down to Rentals, Royalties, and Farm. Select the down arrow to the right.
Click to the right of Rental Properties and Royalties.
At the screen Your 2024 rentals and royalties summary, click the pencil to the right.
At the screen Here's rental property info, select Edit to the right of Assets Rental property.
At the screen Your property assets, select Add an asset.
Follow the screens to enter each asset.
At the screen Confirm your prior depreciation, enter the amount of depreciation taken in prior years.