topic When reviewing an asset, it asks for the &quot;cost&quot; first and then &quot;land&quot; next. Is the &quot;cost&quot; the entire cost of the asset or just the cost of the building? in Get your taxes done using TurboTax https://ttlc.intuit.com/community/taxes/discussion/when-reviewing-an-asset-it-asks-for-the-cost-first-and-then-land-next-is-the-cost-the-entire-cost-of/01/320017#M134311 Mon, 03 Jun 2019 19:09:01 GMT schlegel8 2019-06-03T19:09:01Z When reviewing an asset, it asks for the "cost" first and then "land" next. Is the "cost" the entire cost of the asset or just the cost of the building? https://ttlc.intuit.com/community/taxes/discussion/when-reviewing-an-asset-it-asks-for-the-cost-first-and-then-land-next-is-the-cost-the-entire-cost-of/01/320017#M134311 Mon, 03 Jun 2019 19:09:01 GMT https://ttlc.intuit.com/community/taxes/discussion/when-reviewing-an-asset-it-asks-for-the-cost-first-and-then-land-next-is-the-cost-the-entire-cost-of/01/320017#M134311 schlegel8 2019-06-03T19:09:01Z If the asset is improved real estate, then the cost is ju... https://ttlc.intuit.com/community/taxes/discussion/if-the-asset-is-improved-real-estate-then-the-cost-is-ju/01/320025#M134314 <P>If the asset is improved real estate, then the cost is just the cost allocated to the building, not including the land.&nbsp; The cost of the land is entered separately.&nbsp; That's because the building is depreciated, the land is not, so the total cost has to be allocated between the two.<BR /></P> Mon, 03 Jun 2019 19:09:02 GMT https://ttlc.intuit.com/community/taxes/discussion/if-the-asset-is-improved-real-estate-then-the-cost-is-ju/01/320025#M134314 DDollar 2019-06-03T19:09:02Z