For your first, I figured you did what I've done before, and entered the asset value first, which means it was entered in the land value box. For the expenses, I don't recall ever having seen anything on the IRS Pubs or in the TT program that you can only claim expenses incurred in the purchase of a property, in the tax year they're claimed. My understanding is that they're claimed in the tax year the transaction (closing) is completed. Home inspection fees are an allowed sales expense, if I recall correctly.
