I am still a big dumbass..... again..

[schmalts]

anyone ever hear of something called a reverse starker???? I didnt and it cost me a lot of Tax money when i sold my old hunting land for my new land...... like 14k worth

 

[Oak]

I'm not sure, but I think it has something to do with acquiring your new property within a certain time period after selling your old property? There's a tax deferral or something if it's done within the time period.

Oak

 

[schmalts]

correct, or you can do it the other way too, get your new one before you sell your old one like i did. Heres where i messed up, you cannot actually close and take the title of your new property. instead you have a title company hold it in escrow until you sell your old property. well i closed on my new property already...dumbass move.

 

[wilecoyote76]

That's too bad schmalts...we'll learn from YOUR mistakes!! HA HA

 

[cjcj]

That SUCKS..another Ripoff by the man[I.R.S.]