Real estate is land, including all the natural resources and permanent buildings on it.
Enter a descriptive name, the balance of the asset, the basis, the appreciation rate, the after tax income rate, the type of ownership, and who the beneficiary is, as of the valuation date from Step 2: Assets and Liabilities.
Answer yes or no to whether withdrawals are subject to income tax. If you indicate that the ownership of the plan is joint, the Community Property box will be grayed out, as community property rules do not apply.
If you want to reinvest any income from this asset, check the box next to Reinvest Income into asset?
If the real estate is community property, check the appropriate box.