can’t tell you what Discover is supposed to do, but I am certain that there are lots of people
who would agree with you that it isn’t doing enough, and as a consequence, it costs you time and money. The only thing you can do is find another credit card company to deal with, work it out with Discover or suck
it up! DEAR BRUCE: >> I have a commercial property rented out and income taxed. It has a small piece of vacant land, which I want to sell to a third party. Are the proceeds of that land sale taxable?
-- J.M. DEAR J.M.: >> Without knowing the history of the property, its acquisition cost and expenses, I can’t accurately tell you the answer to your question. But the likelihood is that the proceeds of the
land will be at least partially taxable.
Send questions to bruce@ brucewilliams.com. Questions of general interest will be answered in future columns.
Owing to the volume of mail, personal replies cannot be provided. The Bruce Williams Radio Show can now be heard 24/7 via iTunes and at www.taeradio.com. It is also available at www. brucewilliams.com.
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