rental house depreciation

[erm48]

I’m reviewing my 2022 return, getting ready for 2023. I have question on form 4562. Under basis for depreciation the full purchase price is shown.  So, if land value can’t depreciate, should this figure be minus the 

land value? Turbo did my taxes for 2022. Thank you 

[Anonymous_]

Are you referring to the actual Form 4562 or the Depreciation and Amortization Report?

Was 2022 the first year you rented the property?

Note that the assets/depreciation sections in the 2023 products are not yet available (i.e., they will be updated in future releases).

[erm48]

yes, form 4562 and it states the form title as Depreciation and amortization.  2022 is my first year with the rental.
Line 19 h, column C.  thank you 

[Mike9241]

in the asset section of the rental asset worksheet there is a line to enter land value. it gets subtracted from the total cost entered and is not depreciable. land cost would not be reported on form 4562 so if the cost basis shown line 19h column C includes the land you have over depreciated and need to amend.

[erm48]

Well, I there is no worksheet with my return.  Turbo Tax should do any amend.  Thank you 

, 

[Anonymous_]

If you didn't enter any figure for land value, but rather entered the total cost basis, then that was an input error.