Tony Martinez posted an update in the group TaxGPT: Did you know that land held for investment is treated as […]

Sun, 16 Feb 2025 20:06:10 -0800

Did you know that land held for investment is treated as a capital asset for tax purposes?

When sold, the gain or loss falls under capital gains taxation:
👉 Short-term gains (held ≤1 year) are taxed at ordinary income rates.
👉 Long-term gains (held >1 year) enjoy reduced tax rates (0%, 15%, or 20%, depending on income).

The land’s basis includes…

negozee | TaxGPT | Activity

Tony Martinez posted an update in the group TaxGPT: Did you know that land held for investment is treated as […]