good question,I'm sorry, let me clarifylarge 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?.Sincerely,A Fellow Fool.
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