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In 2017 we sold 24 acres of our farm. A few years ago we…

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In 2017 we sold 24...
In 2017 we sold 24 acres of our farm. A few years ago we sold 7 acres of the same farm. Would the first sale of 7 acres set out basis?
Submitted: 4 months ago.Category: Real Estate Law
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Answered in 1 minute by:
3/26/2018
Real Estate Lawyer: Infolawyer, Lawyer replied 4 months ago
Infolawyer
Infolawyer, Lawyer
Category: Real Estate Law
Satisfied Customers: 63,665
Experience: Experienced lawyer
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Basis would be your purchase price.Please let me know if the reply is acceptable by responding “yes” or “acceptable”
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Customer reply replied 4 months ago
No
Real Estate Lawyer: Infolawyer, Lawyer replied 4 months ago
If you have a follow up, just reply and ask me!
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