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I live in Virginia but own land in Arizona that I would like to sell. I plan to use the sale of the land to pay off the existing mortgage on my primary residence in Virginia. Will I still pay capital gains? I have owned the land for three years and it has appreciated quite a bit. Thanks.
I want to know if I have to pay taxes on this sale and how do I calculate this and what form to use. I have owned the land for 15 years and I purchased it with some other lots adjoining it. I have recently divorced and do not know exactly how much we paid for the land. I have a 1099S form and I just cannot see where I need to calculate if this was a gain or loss and if I have to add to my income if I made money on this.
Where's the lowest cost of living? Or cheapest land sale.
In the Trade Practices Act, Australia, Can s51AA, s52, s53 apply to false conduct or representation in sale of land? Sale of land could be goods or services under s51AB or s53? Thanks
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