Perhaps it would be a good strategy to wait and see how the Title Company issues the 1099-S? If they issue two (one for each property), I will treat them separately and if they issue only one, I will treat them together. The vacant lot isn't a capital gain for the property, only a perk for the new owner getting exclusive private club access. I would only enter the original purchase price of the lot to that of the home.
Thank you for all your help.
