The asset sales price is the portion of the sales price that is allocated to the building and contents. The asset sales expenses are the asset portion of the commissions and fees you paid that were associated with the sale. The land sales price would be the portion of the sale price allocated to the land. The land sales expenses would be the portion of the sales expenses allocated to the land.
To give you an example, assume you sold the property for $100,000. If the land was worth $10,000, then the asset sales price would be $90,000 and the land sales price would be $10,000. If you paid $5,000 in sale expenses (commission for the sales agent for instance), the asset sales expenses would be $4,500 (90% of $5,000) and the land sales expenses would be $500.
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