- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Louisiana tax question
Posted on 3/17/25 at 7:19 pm
Posted on 3/17/25 at 7:19 pm
My wife and I bought a vacant lot 7 years ago with the intent of building a new house. But we never built a new house. We bought an existing home instead. The value of our vacant lot has increased significantly. Question: If we apply the profit from the sale of the lot towards improvements to our existing home, may we avoid paying taxes on the profit?
4
Posted on 3/17/25 at 8:51 pm to 2BRKnot
Posted on 3/17/25 at 8:53 pm to 2BRKnot
I seriously doubt it. 1031 exchanges are rooted in the concept of like, kind and quality. Raw land profits and improvements to a house are not LKQ.
Posted on 3/18/25 at 11:01 am to 2BRKnot
quote:
The value of our vacant lot has increased significantly. Question: If we apply the profit from the sale of the lot towards improvements to our existing home, may we avoid paying taxes on the profit?
No. Congrats on a good investment, pay your taxes.
Posted on 3/18/25 at 11:26 am to 2BRKnot
No, that's ridiculous. Pay the tax.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News