rjs
Level 15
Level 15

Investors & landlords

It does sound like an investment. I would suggest that you just go ahead and report it as an investment sale. (This is just my opinion, not legal advice or tax advice.) You're not likely to be audited. If you are audited, maybe the fact that you never made any personal use of the land would be enough to support treating it as an investment. You could also print a copy of your last post above and keep it with your records of the sale.