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Sellers Want Advice |
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Ms. Lank: I wrote you a while back regarding some land my son wants to purchase. At that time I was asking about the like land exchange, well now the sellers want to invest the profits into their farm to avoid paying capital gains tax. Please advise me so I can let them know, I am trying to help them because they haven't a clue as what to do. Can people selling their property invest the money into their farm to avoid paying capital gains tax, if so please let me know what they need to do (save receipts, forms, etc.) |
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I'm not going to advise those people, and frankly, neither should you. If you want to help them, send them to a tax professional |
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Edith
Originally published on January 1, 2005 |
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