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A friend and I are purchasing 2 separate 5 acre plots of
A friend and I are purchasing 2 separate 5 acre plots of land that is currently being used for a non profit school. If you let them use the entire 10 acres, is there a tax deduction. … read more
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I purchased a home and 7 acres of land 2 months ago. A
I purchased a home and 7 acres of land 2 months ago. A neighbor is now offering to buy 4 acres of that land which is currently vacant, pasture land. How do I figure what my tax liability will be when … read more
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Lev
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My client, after living in his house for 38 years has moved
My client, after living in his house for 38 years has moved out and decided to rent out his home. He estimates that the Fair Market Value is about $1million. What part do I assign for land value and w… read more
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In September 2016, My son bought a 2 acre piece of land for
In September 2016, My son bought a 2 acre piece of land for $200,000 with the intent to subdivide it and did, gave one 1 acre parcel to my son and one to my daughter which they would in turn build on.… read more
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I have a web domain, that I would like to donate to a
I have a web domain, that I would like to donate to a non-profit, Knowing that established domains go for $5-$20K, how can I go about getting the highest write-off. … read more
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Lane
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I have a 15.7 acre property, of which, only only 2.5 acres
I have a 15.7 acre property, of which, only only 2.5 acres are considered usable as the remaining 13+ acres are WETLANDS. my tax bill shows land value at $142,000. I see a comparable lot of 2.5 acres … read more
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I bought a home and 5 acres 15 years ago for $250k. I
I bought a home and 5 acres 15 years ago for $250k. I recently subdivided 1 acre and sold it for $125k. My expenses in doing so are 1) Paid 14k to mortgage company to allow split of parcel. 2) survey … read more
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My husband inherited two parcels of raw land from his father,
My husband inherited two parcels of raw land from his father, along with his brother. After my father-in-law passed away an appraisal was done on the parcels. The smaller parcel was appraised at $1,24… read more
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I donated as a gift land worth more than $5000 to Adams county
I donated as a gift land worth more than $5000 to Adams county in Idaho for the expansion of a county park. Is a copy of the tax appraisal from the county sufficient to satisfy the requirements of for… read more
emc011075
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I have a question related to rental properties. My wife
I have a question related to rental properties. My wife and I are about to leave the country for two years and will be renting out our house. I will be taking depreciation against the house as require… read more
socrateaser
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Have there been any tax changes regarding AG exemption in the
Have there been any tax changes regarding AG exemption in the State of Florida, say in the last 5 years or so? We have a piece of property, 200 ac in size, and growing hay on say 15-20 acres. We had p… read more
jgordosea
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My wife is a veterinarian and the founder and president of
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Our 501,c,3 LLP is building a club house for our soaring club.
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I have a 100 acre farm that I rent out to a tenant farmer.
I have a 100 acre farm that I rent out to a tenant farmer. I am considering selling the development rights to a county agricultural preservation district. The sale of the agricultural land preservatio… read more
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I have a 501 (c) 3 charitable organization. If we purchase
I have a 501 (c) 3 charitable organization. If we purchase a deeply discounted house and sell it as a fundraiser say for $30,000 over our cost, can we give the purchaser a donation letter for the $30,… read more
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Is there a deduction for donating an easement to ...
Is there a deduction for donating an easement to a land bank for preservation of wetlands? I have a lot that is a swamp and I''d like to donate an easement that would keep it pristine.… read more
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I have 4 acres of land, valued by the county tax office at ...
I have 4 acres of land, valued by the county tax office at 10,000 an acre. Can I donate this property to a Non Profit Organization instead of a charity?… read more
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