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Old 02-01-2009, 05:51 AM
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Moved House And Sold Land

Hi, we bought land in the country and moved our home on it. Then we sold the land the house was on in town. How would you suggest I handle the 1099-S for the sale of the land? Thank you.



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Old 02-02-2009, 12:34 AM
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Did you make a profit on the sale of the land?

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Old 02-02-2009, 07:04 AM
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Not a profit because we turned around and reinvested the amount received on buying another piece of land to put the house on.


Last edited by libby : 02-02-2009 at 07:04 AM. Reason: add on


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Old 02-03-2009, 05:18 AM
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Please help me with this question. Thank you.



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