Discussion:Commercial Assoc - - Sale of Land

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Discussion Forum Index --> Tax Questions --> Commercial Assoc - - Sale of Land

Lois (talk|edits) said:

6 November 2006
A commercial association is selling some frontage land to the City. How is this taxed? The owners own their building and have an association to manage the parking lots and landscaping. Who actually owns the land that is being sold?

I can't even think of how to report - or what type of income this is.

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