Regarding the land value, this does not factor into the allocating the valuation between your residence and the other residence on the property. TurboTax is asking you the basis/cost of the property because it will guide you through depreciating the main structure. Land is not depreciable, so its value is not considered at all when depreciation is calculated. Echoing LudwigVan_fan, the safest and most accurate way to determine the value of just one structure on the property is via a qualified appraisal.
@Durnin0821
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
