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Strategies & Market Trends : The Residential Real Estate Crash Index
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From: Travis_Bickle4/1/2008 4:53:47 PM
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I imagine what the builders are doing is selling their most recently purchased land first to maximize the tax loss ... if you need to raise cash and have a choice between selling land bought in 2001 and land bought in 2005 it is a no-brainer, selling the latter gets you a loss and a tax refund, even though the FMV of both may be the same.

Tax basis of land is not marked-to-market as far as I know and generally land can't be depreciated.

Since land is unique perhaps the FIFO rules don't apply.
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