Thank you for your response. I checked with the title company who I closed the sale of the property with and their response was they don't include the allocation of value unless you purchased a vacant land and did a loan to build a house on, then referred me to my accountant and the 1099-S that they said they will provide.
I did read similar questions on AnswerXchange and saw that I can check with the property tax assessment office or website to see how they allocated the percentage between the land and the house just likeyou suggested, but I'm confused when they called the house "improvements" or use the term "house or asset" and "improvements" interchangeably. Are we to allocate between land and the cost of house improvements only or the cost of the house itself?
Also, I made repairs prior to getting the house sold while it was still a rental, to help it sell, are those repairs considered improvements or cost to sell the house, or just repairs of the rental? As those are two different areas within TurboTax.
