Posted 9/24/2012 23:52 (#2607720 - in reply to #2607570) Subject: Re: Buying Land
SW KS, near Dodge City
It's going to be reported, either by you, the seller, or whomever is handling the transaction. If you under report it, then that will be your basis in the ground.
Might as well face it, real estate transactions are not nearly as private as most people might want them to be.