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I purchased a parcel of land and subdivided it up. I will be using part for my personal home and the rest for my business. How do I separate this on my taxes?
I will be reselling part of the land as raw land and may be building on the other lots. It stated as a 10 acre parcel, and now is divided into 5 lots. We added a well, electric and a road.
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‎December 26, 2022
8:29 PM