Timeline for Tax implications of buying the vacant lot next door?
Current License: CC BY-SA 2.5
4 events
| when toggle format | what | by | license | comment | |
|---|---|---|---|---|---|
| Mar 10, 2011 at 16:40 | comment | added | Alex B | The ability to split a single lot into two lots or to combine two lots into a single lot is typically up to the local municipality and what is true in one city or county will likely be different than in another city or county. | |
| Mar 10, 2011 at 14:48 | comment | added | Vitalik | well, now that i think about it. the profits from the sale are taxed different. First 250k is tax exempt when you sell your primary residence (both lots). | |
| Mar 10, 2011 at 14:32 | comment | added | Corey Coogan | Thanks for the answer. How do I "consider" it an investment? Tax return? I always thought there were other taxes on investment land. | |
| Mar 10, 2011 at 14:05 | history | answered | Vitalik | CC BY-SA 2.5 |