bpierce
Level 3
12-07-2019
04:33 AM
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I know the land shouldn't be depreciated but want to get rid of error and entering "O" doesn't seem like a good option (creates too many blocks that need to be completed which most seem to be depreciation related.
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Just-Lisa-Now-
Level 15
12-07-2019
04:33 AM
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I've marked it as Rental Real Estate then entered the Land included in Cost the same as the Cost Basis...no depreciation happens but you've got it saved for your records.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
bpierce
Level 3
12-07-2019
04:33 AM
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lisa - that seems to work! Thanks for your help. You've answered other questions before I think. I appreciate your involvement and willingness to help others.
Just-Lisa-Now-
Level 15
12-07-2019
04:33 AM
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youre welcome 🙂
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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TaxGuyBill
Level 15
12-07-2019
04:33 AM
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I do it the same way that Lisa does it.
Another possible option is to use "X" (non-depreciated asset).