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Updated about 6 years ago,
Dealer or investor, thelandgeek.com, Podolsky
A vital tax question is whether you are classified as an investor or a dealer. If you have to be a dealer, it is a tax disaster.
I've learned a great deal from Mark Podolsky and thelandgeek.com guys. A fine bunch of people. But I have not been able to get the answer to this question:
Are the land investors you know able to keep their investor status, or are they forced to be dealers?
If you are a dealer, land investing is no longer a good passive income system.
Now I have studied everything there is out there and have consulted with an excellent CPAa. I am not looking for a useless "check with your CPA" answer.
Some of the guys at thelandgeek.com do hundreds of transactions per year. Are they having zero problems keeping tax status as investors?
What are you seeing in the real world?
This is a vital question and we all need the answer.