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Originally Posted by the Shemp
you said the land is 300K, but he will sell it for 200K, so that is a loss of 100K.
he is doing it to save the taxes on 125K.... which would be far less than the 100K he lost by selling it low....am i missing something here?
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see I don't know how much the taxes are for 225k profit on land
selling it for 200k or 300k is a big difference in finding a buyer in a short amount of time