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Question

Where do i place the purchase price of a new rental building

Forum|Forum|4 years ago
April 18, 2022
1 reply
0 views

i cant find it

TurboTax Online

After you enter the info for the rental, return to that section

Answer Yes to review and continue until you get to the Summary screen

Select Edit for the rental

Scroll down to Sale of Property/ Depreciation

Yes go to summary

Select the property if listed or select "Add an asset"

Enter the new building and allocate the value to land and building.

If you add any assets or improvements to this rental, you will add the assets separately (so they can be depreciated separately) here.

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