One followup Bill:As indicated above, the land basis was incorrectly calculated and was overstated by $9K and building was understated by $60K.I see some argue ...
Thanks.This is very helpful and was the same conclusion I was arriving at,I really appreciate your replies.I think my friend was just suggesting a simple soluti...
Thanks.That is what I was thinking when he said that about adjusting land only.Is Form 3115 an option if both land and building basis were not correct?I am seei...
TaxGuyBill:I have a similar situation where basis was not entered correctly and building was $50+K below what it should have been in TurboTax causing depreciati...
