@UncleSamPayer sorry I forgot to close the loop on the two assets being sold together to a single buyer.
Since you bought these at two different times, unless you have converted these to a single tax id -- i.e. replatted the properties, you are actually selling two distinct assets to a buyer. Therefore there should be two titles searches, and two sales docs ( HUD-1s or equivalent). In such a case the selling price would be allocated between the two props. Threfore when you file the return in 2025 April, you will show twp assets sold with two acquisition dates and basis.
If on the other hand you had the properties replatted and therefore a single tax id, you may have to use the acquisition of the second plot as an "improvement " and thus adding to your basis. Your original acquisition date remains as actual.
That is my view. Is there more I can do for you ?
pk
