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New Member
posted Apr 15, 2022 11:13:41 PM

This is a question on Transfer of Development Rights. I sold the development for my primary residence. How do I pay the taxes on that?

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1 Replies
Expert Alumni
Apr 17, 2022 8:42:10 AM

Generally, transferring property triggers recognition of gain or loss for state and federal income taxes. Enter that as an investment sale. Please see Where do I enter investment sales?