I purchased a small home in 1985, and in 1996 bulldozed it to build a larger home on the same lot.
I have keep good records of expenses during these years that can be used to adjust the basis.
However...not sure about.....
How much of the cost of original house and land is included in the basis of the home which was sold in 2022.
The 2022 tax records will show that the preserved lot was worth more than the original purchase price.
