Here is the Cost Basis and Depreciable basis calculation shown by Turbo tax:Cost Basis: Building: $147197.00Land: $148553.00Toal:@$295750.00Depreciable basis:bu...
It is on Schedule E.The depreciable amount list is $61332.00 and rent out month / year: 08/2024and as you have mentioned below the rate will be 1.364% as proper...
Thanks DianeW for responding to my question.The property was rented out in August 2024.Based on depreciable value of $147197.00 in 27.5 years basis the amount s...
