janine
Level 4
04-17-2021
11:57 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
taxpayer owns a principal residence and two vacant lots. Now retired, taxpayer want to sell one of the two lots to build a vacation home on one of the lots he owns.
Is there a way to avoid paying the taxes on the sale of one lot, which funds will be used for the building of the vacation home on the other lot?
Labels