Are there any IRS exclusions for long term land leases?

I am really inspired by people who a take something that 95% of other investors would pass on and make it work exclusively for them through sheer will and creativity even with bad market conditions.

Did you buy at a discount or somehow force equity?

I’m trying to sell it at a discounted rate just to get out, but having no luck.

Future gains on the investment portion may be deferred with another 1031 exchange, while gains on the primary residence may qualify for the $250k/$500k exclusion if residency requirements are met.This post does not create a CPA-Client relationship.

Also incrase your discounts on the platforms.

You could also offer to cover part of their tax liability through negotiation or encourage them to convert the property into their primary residence to use the IRS exclusion for up to $250K/$500K in gains.

Since we pay taxes in arrears, the appeal process must move along quickly as they are payable in November (at a discounted rate).

Someone in this thread mentioned the 121 exclusion.

We've considered offering a discount for doing so but so far we haven't because for the most part everyone pays on time with no issues.