I was able to get in contact with my tax agent (they were on vacation after the tax crunch of April 15th!) My agent was able to answer my questions and now I feel I can make a better decision on how to put the property and home on the market.
This has been a big learning curve for me, thank you all for your help! - Wed Apr 30 2008, 09:23
Just to let you know my home and lot next door are separate. Building on the lot is a great idea, but we are moving to Bend Oregon,(due to a new job & kids need to be in school in the Fall) and we would like to sell the two pieces together so we can buy a new home there. I made a call to my CPA, and we'll see how it works out tax wise!! I would love to sell the two together if I can, but I'll leave it open for all options!
You are all great thanks! - Sun Apr 27 2008, 09:57
MVPs or 'Most Valuable Players' are key Trulia Voices members who have been contributing high-quality content throughout 2008 and providing valuable advice to consumers and real estate professionals.