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Schedule E Worksheet - what is question 8 looking for? Total amount of land included in the cost

The error I'm getting is that the value I put in is too large. What is this field looking for?
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SharonD007
Employee Tax Expert

Schedule E Worksheet - what is question 8 looking for? Total amount of land included in the cost

The value of the land has to be lower than the cost that you paid for it because land can't be depreciated. You can find the value of your land on your property tax statement.

 

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