Thanks for your reply.
I am not sure i got the part about 'two separate assets'. When i enter the basis for the property it makes it compulsory to add the land price so I cant get away with it. Irrespective of what i put for land it should depreciate my property as it has all the details for the basis. Any reason why it would not do so?
My property tax bill does not talk about any separate land cost at all. All it gives me is the tax amount.
For the trust, it is a Revocable Trust and in some other replies I was told that I do not need to fill any extra forms for a revocable trust for which I am the beneficiary. Is that right? And I am green card holder, not a citizen.
Thanks,
