Cost basis for rental on Form 4562 and asset info sheet is different
I'm trying to understand why the cost basis is different on forms in TurboTax for a condo I converted to rental. Let's just look at building part (though the land part has the same issue). On Form 4562 the cost is $44,289 (and the depreciable basis) and a "Date In Service" of 2/1/1998. On the "Review Information" screen, the date of conversion is 2/1/1998, the building cost is $49,210. The $49,210 was probably the FMV I looked up from the property appraisers office, but that was a long time ago and I don't have those records. The property was originally purchased for personal use on 8/1/1982 and the property appraiser site lists that original sales price as $59,900. I sold the condo 8/5/2022 for a gain.
Why would the two cost basis be different ($44,289 vs $49,210). Is there some additional calculation TurboTax is doing when filling out From 4562?
