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where i have to show value of the home for rental property in proconnect

jojomathew
Level 1

where i have to show value of the home for rental property in proconnect

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2 Comments 2
George4Tacks
Level 15

https://proconnect.intuit.com/community/help-articles/help/entering-depreciation-for-new-clients/00/...

You can also enter the land value for use later with a depreciation code of 99.

 


Answers are easy. Questions are hard!
abctax55
Level 15

I'm going to pick nits here... but it isn't the *value* that should be used, it's the cost/basis (or FMV if lower).

HumanKind... Be Both