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December 7, 2019
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On the input screen for Schedule E. it says to enter the asset plus land. Since land is not depreciable, why is this?

  • December 7, 2019
  • 1 reply
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Best answer by TaxGuyBill

Eventually the property will be sold, and you will need to report the sale, including the land.

Enter the TOTAL cost (building plus land), then the land.  The program will subtract the land from the total cost to calculate depreciation.

1 reply

December 7, 2019

Eventually the property will be sold, and you will need to report the sale, including the land.

Enter the TOTAL cost (building plus land), then the land.  The program will subtract the land from the total cost to calculate depreciation.