t-o-bookkeeping s
Level 3
01-08-2021
08:48 AM
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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!
Best Answer Click here
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itonewbie
Level 15
01-08-2021
09:07 AM
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You can follow the instructions from these two articles:
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t-o-bookkeeping s
Level 3
01-08-2021
09:09 AM
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Thank you, I saw that but thought it couldn't be that easy!
itonewbie
Level 15
01-08-2021
09:10 AM
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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
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t-o-bookkeeping s
Level 3
01-08-2021
12:43 PM
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Not sure how to do that?
t-o-bookkeeping s
Level 3
01-10-2021
08:51 AM
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Solution Accepted and Thank you!