Hi:

I recently sold a piece of property near Todos santos and took a huge hit in capital gains. In fact, I paid 33,000 for vacant land and sold it for 50,000 a year later and after the 10% real estate comission and capital gains tax I made about $600! I have some other property there and have heard that building on the property can lessen the capital gains, but have never been able to find anyone who can give me the actual details. Does anyone have any insight on this? Thanks!

Fred

you might want to talk to don nelson in dana point website is www.taxmeless.com he knows mex well.