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I am unsure if I will need to pay income tax on this or not
I am unsure if I will need to pay income tax on this or not I am located in Florida (so only federal income tax, no state). I make about $75k a year before taxes. Quick back story: A long time ago, my wife's grandparents retired and for some reason, bought 4 extra lots nearby. They retired in the middle of nowhere though and those lots are not worth a lot of money. They gave one lot to each kid and each ...
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