TaxMamas TaxQuips: Tax Quips

TaxMamas TaxQuips: Tax Quips


Land Option

October 25, 2010

Today TaxMama hears from Jacqueline in the TaxQuips forum with this interesting question. “I own several acres of raw land. Several years ago a developer began to pay me a yearly amount for 4 years (as an option to purchase the land for a set price). I