@ColeenD3 - can you please substantiate your advise with documentation?
@hippored3
In IRS publication 523, it states on the bottom of page 5 of that publication:
"Vacant land next to home. You can include the sale of vacant land adjacent to the land on which your home sits as part of a sale of your home if ALL of the following are true.
• You owned and used the vacant land as part of your home.
• The sale of the vacant land and the sale of your home occurred within 2 years of each other.
• Both sales either meet the Eligibility Test or qualify for partial tax benefits, as described earlier.
Also, if your sale of vacant land meets all these require-ments, you must treat that sale and the sale of your home as a single transaction for tax purposes, meaning that you may apply the exclusion only once."
