My Client bought land and built a house for rental in 2020.  She began renting the house in November.  

I've entered the income and expenses for the rental, but I don't know where to enter her basis in the land and building for depreciation of building next year.

Help!

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itonewbie
Level 15

Thank you, I saw that but thought it couldn't be that easy!

itonewbie
Level 15

NP, @t-o-bookkeepings and it is.  If the response solves your problem, please consider marking it the solution to help others who have similar questions.

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Still an AllStar

Not sure how to do that?

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Solution Accepted and Thank you!