I have a question for you regarding land and improvement values
I get the cost of the land. Turbotax asks for an improvement value. On my Tax Bill, the following numbers appear:
- LAND VALUE = 46,900
- BUILDING VALUE = 318,100
TOTAL VALUE = 365,000
ASSESSED VALUE = 146,000
What do I put on the turbotax "IMPROVEMENT VALUE".
Is the assessed value the improvement value? Or is it the building value? Or neither?
