jonpagel
Returning Member

Investors & landlords

Thanks for the reply….so my basis is the $507,000 purchase price plus closing cost plus any capital improvements correct?  But that price includes the land value which I include or exclude?  Like I said the FMV turbo tax has is $425,000 cost with land being $250,000 of that, those are the numbers I see in the asset information screen as I click thru the screens thanks