The land argument sounds good in theory and is okay. But land value not going up from 2006 to 2021 is hard to believe. The gain will be the same whether it is on the house or the land. Personally, I would make the land values more accurate. When you increase the land value, you decrease the house value at time of sale. Additionally, the expenses of sale can be allocated based on the percentage of land to house. For example: If land value is 20% of the total sales prices, then 20% of sales expenses could go on the land and 80% on the house. The gain is still the gain however you break it up.
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