Thank you again- truly appreciate the help.

And by the way, the smaller lot works out to a net loss - over 11K due to cost of lot per acre.I am wondering if that can be deducted that same year?

Wow that was fast- thank-you Minh T.Your reply makes perfect sense.Is there an IRS code or form I would use to submit the math?The 8949 document is pretty spars...