About Rohitnaval

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Re: I owned a vacant lot for many years under my business name in th...

Yes I purchase and hold land for sale. What type of entity and return do I need to file? I’m thinking section 1231 gains or losses resulting in ordinary income ...

Rohitnaval

Updated Mar 19, 2021
Re: I owned a vacant lot for many years under my business name in th...

My business is real estate development, what other facts would help clarify?

Rohitnaval

2

Updated Mar 19, 2021
Re: I owned a vacant lot for many years under my business name in th...

Isn’t this considered business property? In which case allowing me to write off the entire loss amount?

Rohitnaval

4

Updated Mar 19, 2021

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Date Registered	‎March 19, 2021 1:35 PM
Date Last Visited	‎March 19, 2021 7:23 PM
Total Messages Posted	4

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