I have a client that sold a partial of land in May 2008. He was told that if he re-invested that money in real estate by May 2009, he would not be taxed on the property. If he did not re-invest in Property, he would be taxed on the sold price. The property is in Alabama..... I appreciate any help.
Danielle
Sorry, not much help with your question. I saw a bunch of Metro South folks at our office today for the foreclosure/short sale training....missed seeing you! Are your kids well this week?
Yes,I was supposed to go but as I was walking out of the office from OT duty, a lady came in to talk about listing her home.....so I decided it was best to talk to her....lol...take care
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