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Deductions & credits
You are not required to enter the cost of the land unless it is included in the total cost basis that you enter.
Your annual property tax statement may have land reported separately from building/improvement. if that's the case, calculate the percentage that belongs to the land. Then apply that percentage to the total you paid for the property. That is the cost of the land.
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‎June 3, 2019
1:05 PM