On Oct 23, 9:42 pm, Dave Dodson <dave_and_da...[at]Juno.com> wrote:
- quote -

Thanks
I will do that.

On Oct 23, 4:03 am, wolfman <laedeketrad...[at]gmail.com> wrote:
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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

On Oct 14, 10:36 pm, "HW \"Skip\" Weldon"
<skip5700removet...[at]hotmail.com> wrote:
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I meant that to mean a Notice of Joint Venture registered with the
Clerk and Recorders office to encumber the deed.

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.
- quote -

On Sun, 14 Oct 2007 05:44:47 -0500, wolfman <laedeketrading[at]gmail.comwrote:

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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

wolfman <laedeketrading[at]gmail.com> writes:

- quote -

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 went into a joint venture with my brother on a land purchase about
15 years ago. We bought 200 acres for resale. It was cheap because it
did not have access. The plan was to buy the access to the land and
then buy the land which we did. Since it was my idea and i knew where
the land was my brother agreed to put up all of the money and we would
split the profit 50/50. To protect his investment we agreed to put the
land in his name only. After we found a buyer he got greedy and
decided to try and keep it all himself. It ended up in court and we
are just now settling our dispute. In the settlement 80 acres are to
be transfered to me. Now I have someone that wants to buy my 80 acres.

Can I claim capital gains on the sale of this land since i had a joint
venture interest in it for the last 15 years? The joint venture
interest has been filed at the clerk and recorders office all this
time.