kyarra502
New Member

If I buy land and sell part of it do I have to pay taxes on it?

I sold my house after 10yrs. And will be buying 33 acres of land.Then shortly after sell 10 acres of it to an uncle. after that I will start building a house. I will be selling the land to him just a little cheaper per acre then im paying per acre. Do I have to worry about any taxes?