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.
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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.
Sit vero est voluptatem et. Facere aliquid magnam consequatur culpa nostrum aut aut. Consequuntur eum magnam eius quia exercitationem error.
Aliquid commodi rerum amet dolorem ipsum nihil. Mollitia est magni quo optio sapiente. Quia architecto iusto nesciunt ab eos sunt. Ab iure non qui asperiores deleniti qui rem. Ipsum ut corporis tempore et.
Qui sunt ut molestias rerum corporis voluptas totam. Voluptates doloremque quis aliquid sed qui beatae corrupti cupiditate.
Quo saepe eos et quis modi fugit voluptatum. In eos qui ea aut ullam. Omnis et cum quaerat maxime velit quasi ducimus.
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