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I see you are a CPA so I'm hoping you can elaborate. What do you mean "no, it's not" when I mentioned amendment?

And also am I right in the first place that the land belongs with every other construction cost on Sch C and that there is no way to take the land as a capital gain? Are the construction guys I talked to wrong?

If you buy land and it appreciates and you just sell the land, that can be capital gains, right? But as soon as you build on it and sell than it's considered a business venture and thus not capital gainable?

Am I right here or is something else going on?

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