@kittysocks wrote:
Hello, I have read your above post. I am confused about using the tax assessments for the value of the land. Do you not use the purchase price (from when I bought it) of the land?
You are correct that you use the purchase price of the land from when you bought it.
The comment about tax assessments are if you bought or are selling both land AND buildings and the price is not specifically mentioned for each of those; the tax assessment may show how the percentage to allocate the purchase or sale between the land and buildings.
