Does anyone know????????

Real Estate Agent with Keller Williams Metro South

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.



Comments (2)

Ann Allen Hoover
RE/MAX Advantage South - Hoover, AL
CDPE SRES ASP e-PRO Realtor - Homes for Sale - AL

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?

Feb 17, 2009 10:13 AM
Danielle Turner
Keller Williams Metro South - Alabaster, AL

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 I decided it was best to talk to care

Feb 18, 2009 05:54 AM