Compare Mortgage Quotes

Guest

sir;
i have 3.8 acres of vacant land in ocala florida that i purchased 28 years ago for 26k and spent 6.5k to have it cleared. do i have to pay capital gains tax when i sell it or is there a way not to?
thanks

adonis · Posted: Sun Nov 21, 2010 8:14 pm Post subject:

Hi noxscash,

If you sell off the property and receive profits from it, then you will be liable for paying capital gains tax.

Company	Loan Type	APR	Est. Pmt.
				Go
				Go
				Go
				Go
				Go
				Go

Compare Mortgage Quotes

vacant land capital gains tax

Financial Tools

Our Community

Community Rewards

Property State:
Property Type:
Credit Rating:

All times are GMT - 7 Hours

Page 1 of 1