Tag Archives: raw land

Land Option

Today TaxMama hears from Jacqueline in the TaxQuips forum with this interesting question.http://klassroom.co/files/migration/new/coursework-writing-service.html “I own several acres of raw land. Several years ago a developer began to pay me a yearly amount for 4 years (as an option to purchase the land for a set price). I was advised not to report this income until […]