Capital gains on land sale

Er. Isn't this a question for your attorney or tax professional, instead of random people on the internet? For one thing, the situation sounds complicated enough that a definitive answer probably requires being familiar with all the details of the case. For another thing, when you ask for free legal help on the net, the answers you get are often worth approximately what you paid for them. :-P

-Sandra the cynic

I'm not familiar with the term "joint venture interest". Could be either not used in my State or that I am a bozo. In case there is someone else like me, how about explaining the term?

-HW "Skip" Weldon Columbia, SC

That would be fine a dandy if i was in the United States but I live in thailand. Since this is a place where people are coming for advice i thought there would be people that may have had similar experiences or the people handing out advice on investments would by semi qualified to do so.

Since this is a tax question, why not try posting at misc.taxes.moderated. You are more likely to run into tax pros there than here.

Dave

Thanks I will do that.