Unexpectedly sold a large parcel of raw land end of 2024. Improvements were done over the years such as land clearing, pond up keep, gravel etc however many of these items were either under the table, cash or not documented. Is there any way to still claim these to reduce capital gain?

Posting as :
works at
You are currently posting as works at

Related Posts

In my opinion, the slow ROI keeps businesses from seeing the importance of investing in the community. Do you think that attitude is changing?

like

How diligent is Mintz background check. When it comes to education? My references, credit, criminal and work experiences will check out. However said I already graduated school when I am in reality a month away from graduating. The company sent over the contract and start date at the same time as the background check.

like

How many years did it take before you could pay off all your med school loans? I'm starting to feel like it won't even be possible.

like

Where do we view Tuck scholarship info?

like

Should I max out my HSA contribution?
I am maxing my 401k though.

Also, if I max my HSA, can I invest say 50% and keep the other 50% for expenses?

likeuplifting

The best compromise solution for student debt is to make student loans interest free

likesmart

Question for my 401k focused advisors out there--what programs are you using that is instrumental to your 401k practice that you simply can't do without? I'm being pitched on Envestnet & im not sold.

like

Does anyone have any experience paying back a signing bonus early and how taxes are treated?

like

How is the blended state tax rate calculated. Say I have the state deferred tax number. What’s my denominator to get to the correct rate? Is it the pre tax

like

1.2x Amex points to Bonvoy points transfer program. Worth it?

My CSR just renewed earlier this month. Last year my first $300 of travel expenses was deducted off my credit card (including Uber’s) but that does not appear to be happening even though I just renewed. What gives?

like

Need some advice! I live in Boise which is supposedly the most overvalued real estate market in the country right now. Bought my first home 2 years ago for 400k and it's now worth ~725k. Looking at homes in other western cities everywhere seems incredibly overpriced as well.

I plan to use the proceeds to pay off student loans and save the additional for a large down payment. Is it best to try and race interest rates and find a home or just sit on the big lump of cash and rent for a year?

like

Is there a legal way for an international student in the US to earn money on the side?

like

Max out 401k before contributing to taxable brokerage? Roth IRA is already maxed out.

like

How I wish to be that person that forgets they invested in crypto only to rediscover big $$$.

likefunny

Anyone ever have experience negotiating a new offer to include unvested 401k match and stock grants from your current employer? I hate leaving money on the table but there are some good roles out there. I’m not fully vested in my current 401k yet and my stock grants haven’t matured yet either. This would be at a global director level.

Recommendations for how to allocate 401k with Fidelity. Just switched jobs and have to move from Merrill Lynch to Fidelity

like

What are your favorite personal finance books? I just read Rich Habits and really liked it. I am also reading the Psychology of Money. Looking to read some more!

like

Can one get a home loan from US financial entity after combining assets of 2 people, where 1 lives abroad with no income or credit history in US?

like

Any tips on where I can invest 200k right now? Goal is long term wealth building and nothing much else. Country - US. Age - 26 (So I prefer to be agressive)

like

More Posts

What time does everyone get to work in the morning?

like

I wish I had more faith in myself.

likefunny

Going into my fourth year of practice and seriously considering becoming a legal recruiter. Does anyone have any insights on this path? Pros? Cons? Advice?

like

Heading to an M7 soon from a tech company where I work in a product-adjacent position. I didn’t need this degree to “break into” product management (former company would have let me transition), but I still figured it could be good for the long run.
Now when thinking about 100K in loans, I feel anxious about not getting a PM role after. Was this the right move?

Any new joiners? Wanted to know the pay range for Sr.Analyst currently novartis is offering.

like

What is the percentage hike should I expect at the Manager level at Macquarie Group India? Is it range bound or they are offering good hikes to lateral hires?

What are we watching on Netflix these days?

like

Can anyone please share the experience to allocate the project after joining. Experience in Java backend. Is there any tips to allocate project before joining or after joining. Thank you. @

like

When you’ve put in a lot of hard-work as a developer on a great project and received the best performance award but compensation has been same since Day 1…and have completed 2 years in the company. Furthermore no signs of compensation going up…Is it the best time to leave or stay? Additionally too many management changes have taken place that everything feels out of place.

like

Starting my own freelance consulting gig, specializing in content strategy and CX. In a nutshell, I want to make content management easier and architect customer experiences. What can I do to help?

like

For a start up,How to do branding?

Has anyone gone in-house into crypto?Considering an in house digital strategy+ social media execution role at a crypto exchange and looking to hear experiences! thank you

like

Is CIPD a valuable certification? Is it appreciated in Europe only or US too? I have an opportunity to get it but not sure if knowledge is really up to date and worth time spent.

My staffs in a nutshell

Post Photo
likefunny

Is anyone in Portland conservative? What is it like for you being there? I get along with just about anyone, but seems pretty hostile towards non-liberal folks from what I've seen

like

Real Estate Rookie podcast thirsty for subs

Post Photo
likefunny

Hi All,

I believe ESOPs are a good source of wealth creation.
I have got an offer from a startup (not listed yet). They are giving a good CTC with no ESOPs. What are your suggestions?

like

Is there any way people working from home can get hra exemption.

Thanks

Hello everyone!!! I am a fresher and got an offer as a trainee at aurobindo pharma. How much salary can I expect?

likefunny

Hello folks,
What is expected package for 8.8 YOE, Oracle Apps DBA?

Additional Posts in Real estate investing

I have $300k for down payment. Husband is graduating residency but have $270k in medical school loans. Has offer were he makes $270k yr 1 then should be around $550-650k after two years. (Cont)

uplifting

Hi everyone, not sure if I have any options but figured it doesn’t hurt to ask. I signed a lease in June for $2050 when I was under the impression it wouldn’t get lower than that. The same apartment is now down $1650 and has been dropping. this is super frustrating since it’s such a dramatic drop. It’s almost more cost effective to break the lease for $4k in order to save $4500 over 12 months - $500 in total savings + cheaper if I renew next year. Do I have any negotiation power? Pls help/advise

like

Where is everyone in their RE investing journey?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal