Dealer or investor, thelandgeek.com, Podolsky

[Mary Roberts]

A vital tax question is whether you are classified as an investor or a dealer. If you have to be a dealer, it is a tax disaster.

I've learned a great deal from Mark Podolsky and thelandgeek.com guys. A fine bunch of people. But I have not been able to get the answer to this question:  

Are the land investors you know able to keep their investor status, or are they forced to be dealers?

If you are a dealer, land investing is no longer a good passive income system.

Now I have studied everything there is out there and have consulted with an excellent CPAa. I am not looking for a useless "check with your CPA" answer. 

Some of the guys at thelandgeek.com do hundreds of transactions per year. Are they having zero problems keeping tax status as investors?

What are you seeing in the real world? 

This is a vital question and we all need the answer.

[Jay Hinrichs]

if yiour flipping your dirt as quick as you buy it with no intention of holding it your a dealer.. 

if you buy your dirt with the intention of land banking for at least 1 year then sell on contract

your subject to cap gains treatment or can 1031..

I grew up in the land business and still do a lot of it.  its all about intent and holding periods.. 

nothing different than flipping houses .. you buy houses to flip and not rent your a dealer.

you buy houses to rent and hold for at least a year and take deprecation you get cap gains.

not sure why your having a hard time finding the info an CPA would know this in 30 seconds.