selling land

A three-step strategy to save tax when selling appreciated vacant land

May 28th, 2024|Categories: Accountant, Burns Firm, CPA, CPA Dallas, CPA near me, Dallas CPA, Land Sales, Tax, Tax Advisor, Tax Basis, Tax Depreciation, The Burns Firm|Tags: cpa near me, CPA Tax Advisor, Dallas CPA, Dallas tax advisor, S corporation entity, Save tax when selling appreciated vacant land, selling land, Selling Land and Tax, tax advisor, Tax paid when you sell land, Texas CPA, The Burns Firm|

Let’s say you own one or more vacant lots. The property has appreciated greatly and you’re ready to sell. Or maybe you have a parcel of appreciated land that [...]

A Tax-Smart Way to Develop and Sell Appreciated Land

August 17th, 2023|Categories: Accountant, Accounting, Burns Firm, CPA, CPA Dallas, CPA near me, Dallas CPA, S Corporation, Tax, tax accountant, Tax Advisor, Tax Planning, The Burns Firm|Tags: CPA Dallas, cpa near me, Land appreciation and tax, S-Corp and land, selling land, tax, tax advisor, Tax-free land sales, Tax-smart way to develop and sell appreciated land, The Burns Firm|

Let’s say you own highly appreciated land that’s now ripe for development. If you subdivide it, develop the resulting parcels, and sell them off for a hefty profit, it [...]