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WolfGang
WolfGang asked in Business & FinanceRenting & Real Estate · 7 years ago

Land/Propery Question?

If I buy 70million dollars worth of land will it show up on Internal Revenue ?

3 Answers

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  • Slickterp
    Lv 7
    7 years ago

    IRS doesn't care about you buying land. Yes, a transaction that large will be reported.

  • LILL
    Lv 7
    7 years ago

    Of course. You will also have to pay taxes on that land.

  • ?
    Lv 7
    7 years ago

    Only if you pay cash.

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