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Neighbor's cattle profits
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<blockquote data-quote="TexasBred" data-source="post: 934958" data-attributes="member: 6897"><p>You only have a "potential" profit or appreciation until you sell it and actually make a profit. Taxing agencies will increase the value from time to time for tax purposes but you have no gain or loss until it's sold. Piplelines and transmission lines may cross it and pay you nicely for an easement and that's tax free money, however, the basis for the value of theland decreases by that amount increasing the potential tax owed eventually IF you sell it.</p></blockquote><p></p>
[QUOTE="TexasBred, post: 934958, member: 6897"] You only have a "potential" profit or appreciation until you sell it and actually make a profit. Taxing agencies will increase the value from time to time for tax purposes but you have no gain or loss until it's sold. Piplelines and transmission lines may cross it and pay you nicely for an easement and that's tax free money, however, the basis for the value of theland decreases by that amount increasing the potential tax owed eventually IF you sell it. [/QUOTE]
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Neighbor's cattle profits
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