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Updated almost 8 years ago, 11/25/2016
Would this be a Long Term Capital Gain, or Ordinary Income?
I purchased a vacant plot of land over a year ago. My original intention was to flip it, but now I'm thinking of placing a mobile home on it and selling it. Would the proceeds of this sale be considered long term capital gains, or ordinary income?
I should note that I have never had a house built or mobile home installed before, so it is not a normal course of business for me.
*Bonus points for anyone who can tell me if my profile pic is being displayed correctly. It appears sideways on my iPad :)