Selling real estate can result in a significant profit, but it may also trigger capital gains taxes depending on whether the property qualifies for IRS exclusions, how much was earned and how long you ...
In selling businesses and property, buyers and sellers sometimes discuss “seller financing”. In the context of real estate, these arrangements are sometimes casually called “land contracts”. Generally ...
Real estate can quietly generate one of the largest tax bills most people ever face, because the IRS treats profit on property as a capital gain. With the right planning, however, I can often reduce, ...
Part 11 of a 12-part series on realty tax tips. You want to sell your home or other real estate quickly for top dollar, avoid paying income tax on your sale profit and earn an excellent return on the ...
If property is sold in a transaction in which the seller is to receive one or more payments at a future date, the transaction will generally be treated as an installment sale for federal income tax ...
Explore the differences between credit sales and installment sales, focusing on repayment duration, collateral, and how each ...