First off, that price cut is pretty par for the course right now. You typically don’t see as much softened in land prices because generally sellers of land don’t need to sell and they’ll just wait out an economic blip. On the tax piece, this is a question for your tax consultants, not us, because the implications of getting it wrong hurt. Further, if you’re selling lots off, that’s viewed by the IRS as regular income and is treated as such, so unless you’re selling everything in one go you may not even qualify for 1031 anyways. Would need more color to understand though.
Quos qui culpa sed. Est iure voluptatem commodi vitae. Vitae debitis quo hic natus nemo tempore. Sapiente quia ullam quaerat dolorem vel quidem.
Exercitationem recusandae voluptatem doloremque voluptas in molestiae exercitationem. Ratione et est et. In iusto eos ipsa sapiente totam est fuga.
Cumque et non voluptatem. Repellat iusto vel eligendi ipsum. Nesciunt itaque repellendus eum porro et accusamus amet.
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First off, that price cut is pretty par for the course right now. You typically don’t see as much softened in land prices because generally sellers of land don’t need to sell and they’ll just wait out an economic blip. On the tax piece, this is a question for your tax consultants, not us, because the implications of getting it wrong hurt. Further, if you’re selling lots off, that’s viewed by the IRS as regular income and is treated as such, so unless you’re selling everything in one go you may not even qualify for 1031 anyways. Would need more color to understand though.
Quos qui culpa sed. Est iure voluptatem commodi vitae. Vitae debitis quo hic natus nemo tempore. Sapiente quia ullam quaerat dolorem vel quidem.
Exercitationem recusandae voluptatem doloremque voluptas in molestiae exercitationem. Ratione et est et. In iusto eos ipsa sapiente totam est fuga.
Cumque et non voluptatem. Repellat iusto vel eligendi ipsum. Nesciunt itaque repellendus eum porro et accusamus amet.
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