Trying to sell it for $70K but there is an 8% commission and some other costs so I am estimating $60K profit(I hope). You response was perfect; thanks much
So are you saying that if I net approx $60K from my vacant land sale, then I can apply in my 2021 tax filing ALL of my remaining capital losses (about $32K) to ...
So are you saying that if I net approx $60K from my vacant land sale, then I can apply in my 2021 tax filing ALL of my remaining capital losses (about $32K) to ...
Form 1040 , Line 7 says $3000. But what about the rest of my last message? Are you able to answer that?Sorry to have so many questions but I am still learning.
Wow, what you stated is exactly correct. But a couple more questions.Is the $32,154 short term capital losses or long term? And, I hope to sell a piece of vac...