Investors & landlords

Can you clarify?  Your Cost Basis is your Cost, not the valuation on a property tax statement.

 

Or are you trying to get an estimate of the cost of the building versus the land, based on the ratio that is on the property tax statement?

 

Was the property personal use and is not being converted to a rental (or using a Home Office)?  As the value of the home increased since you purchased the home?