Land Flipping

Mark O'Mara: I met with a client that was a ex farmer slash rancher. He had given up ranching and farming because, of course, there's no money in it,. You know what i'm going to do?  I'm going to buy and sell land in the farming areas where i live. And his accountant had put 25 land deals that he last did last year and call them all short tom capitl game and threw it on a schedule d. If your iray morfs into really the business of buying and selling raw land, then that's when this extra tax comes into play. But you just don't hack it out at home depot in the