1247015
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Under the asset summary, If I own 50% of a property, do I divide the land value in half to determine the cost of land?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
DianeC958
Expert Alumni

Under the asset summary, If I own 50% of a property, do I divide the land value in half to determine the cost of land?

Yes, since you own 50% of the property you would claim 50% of the land value.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question