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I purchased land and sold it in 8 months. What % of taxes do I pay? I have a bussiness, can I quit claim it to the bussiness to reduce taxes due?

03/28/2007 | Category: Taxes | State: Georgia | #2279

The answer depends on various factors and various applicable federal and state laws. I suggest you consult an accountant. See, for example:

http://www.irs.gov/businesses/small/industries/article/0,,id=98921,00.html
http://www.irs.gov/businesses/small/industries/article/0,,id=98491,00.html