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Taxes on land sale.
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John Smith
Posted 1/11/2025 09:09 (#11050674 - in reply to #11050536)
Subject: RE: Taxes on land sale.


South Central Illinois

$0 to $47,025 is probably 0%
With a couple it is probably twice that amount.
$47,026 to 518,900 is probably 15%
Again, double that for a couple.
$518,901 and up is probably 20%

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