You should allocate the sales proceeds to land versus building based on the percentage of the value of the land to the value of the building. Often, you can look on your property tax assessment notice to determine the value of the land. You can often look this up online at your local property appraiser's office.
For instance, if the land was worth $50,000 and the house sold for $100,000, you would assign $50,000 of the sale to the land.
The realtor fee would be a selling cost and would be allocated using the percentage you calculated in the previous step.
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