topic Depreciation report land depreciation basis confusion in Investors & landlords

Depreciation report land depreciation basis confusion

LuigiV — Mon, 09 Mar 2026 08:19:12 GMT

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-

Re: Depreciation report land depreciation basis confusion

Mike9241 — Fri, 11 Mar 2022 20:28:14 GMT

land is not depreciable.

property cost land and building $100K

land value $20K

depreciable value of building $80K

Re: Depreciation report land depreciation basis confusion

LuigiV — Sat, 12 Mar 2022 20:21:22 GMT

Thanks Mike, I appreciate your repy and this puts everything into perspective.

Lu-