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Selling Land and avoiding income tax

I bought a property last year same time at 450k. Demo'd the lot to build a home and got drawings made, but recently changed my mind. I found a buyer for 650k for land+drawings. My questions:
• Because its been less than 2 years I will have to pay the cap-gain tax right?
• Can I sell the land for 500k and the buyer can buy the plans for 150k and I can avoid the cap gain?
• Should I just wait another year?
• Can I sell this easy without a realtor since its just land?

submitted by /u/illegalcitizen_CA
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/rmat2m/selling_land_and_avoiding_income_tax/
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