RobertG
Expert Alumni

Investors & landlords

You can use any reasonable method to allocate the prices.  It will not affect the amount of tax you pay on the sales transaction.  You claimed a land value of 22% of the purchase price in 2014; if there were no major changes to the property you could allocate the same 22% in 2019.

 

@Rev-Paul

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"