You should apportion the purchase price if your property ($220,000) between Land and Building using the proportions in your property tax assessment statement. That statement gives 54.4% for land ($161,640/$297,169) and 45.6% for Building.
In TurboTax, you should apportion $119,680 for Land (54.4% of $220,000) and $100,320 for Building.
Edited 4/8/2020 | 4:47 PM PST
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