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- How do I enter the full property value for home office deduction and the actual basis for depreciation so that both show up on the return?
How do I enter the full property value for home office deduction and the actual basis for depreciation so that both show up on the return?
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Nobles123
Level 1
03-08-2021
08:37 AM
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Im on depreciation screen and have the home office info entered but I want to show the total home cost and the separate land cost but the actual depreciation is different and I'm not sure where to put that (i.e. land cost is 40,000 but depreciation for land is 0)
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1 Comment 1
JMP
Level 3
03-08-2021
11:45 AM
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Not sure why you want to "show the total home cost." But to answer your question: As far as I know, PCT doesn't allow you to do this. However, you can enter the building and the land separately and then you can have PCT add the two together on the depreciation schedule.
