From: Rhode Island

Dear TaxMama,

I have a developer who wants to purchase a piece of my land. It will be in the form of a subdivision, and I am concerned about the tax repercussions.

Betsy

 

 

Dear Wendy,

Then, wouldn't it be a great idea to go to a good local tax professional and have him or her review your tax situation?

A free columnist can only give you generalized help - and none at all when your question doesn't give us any information.

If you need someone good, please go to www.naea.org and click on Find an Enrolled Agent. Just put in your city and state - and you'll find someone nearby.

Remember, while the money will be nice, you're going to get new neighbors. So take that into account in your decision.

Best wishes,
Eva Rosenberg, MBA, EA