The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: S.O.S. MOTLEY FOOL STAFF||Date: 12/27/2004 8:45 AM|
|Author: CUBE2U2||Number: 74950 of 125697|
I'm sorry, let me clarify
large acreage caries a lesser value per acre as opposed to selling by the acre. The resale value of $10,000 is just a "guesstimate". There has been a real building boom in the last year in this area and as a result the land has gone up in value.(Just for the sake of math, i just came up with $10,000. Sorry for any confusion.) The land has gone up in value & to what extent time will tell. This is a good thing, but from a tax point of view is there a way to reduce the tax on profit.
I am still interested in some advice by Motley Staff. It is definately an interesting scenario is it not?.
A Fellow Fool.
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