How to deal with depreciation recapture for a rental property?

Hi all,

I have a question that might be relevant to many landlords. I have a rental property and every year I have to report the depreciation in the tax return.

Since the cost of mortgage interest, property tax and insurance roughly offset the rental income already, depreciation is not giving extra benefit.

However, if in the future i want to sell the property, there would be something called depreciation recapture tax, which will tax 25% to the amount of deprecations during the period of the house being rented out.

Does this mean I need to report less depreciation amount to reduce the future depreciation recapture? Depreciation is calculated based on the house value minus land value, but looks like there is no guideline from IRS on what house value and land value are determined. To lower the depreciation amount in the tax report, can I just use a higher estimate of the land value to reduce the base of depreciation?