2003 purchased 10 vacant acres for $85000, built a 35000 dollar pole barn, sold for 135000. How much do I claim as capital gains? V

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The basis of the investment is the $85,000 purchase price plus $35,000 Improvements =$120,000. The capital gain is $135,000 sale price minus $120,000 basis = $15,000.

How do we determine the basis of individual lots purchased together for a single price that need to be treated individually when sold?

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2003 purchased 10 vacant acres for $85000, built a 35000 dollar pole barn, sold for 135000. How much do I claim as capital gains? V

2003 purchased 10 vacant acres for $85000, built a 35000 dollar pole barn, sold for 135000. How much do I claim as capital gains? V

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2003 purchased 10 vacant acres for $85000, built a 35000 dollar pole barn, sold for 135000. How much do I claim as capital gains? V

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2003 purchased 10 vacant acres for $85000, built a 35000 dollar pole barn, sold for 135000. How much do I claim as capital gains? V

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