Monday, December 28, 2009

Commercial Lending Course Defer Capital Gains On Land Contract Sale? Please Be Specific?

Defer capital gains on land contract sale? Please be specific? - commercial lending course

Uderwriting for commercial loans, therefore have a direct link IRS (watching) me in between. Is it true that you defer capital gains on property being sold on land contract? He said: "Gains of the IRS Code SEC. 1222; Reg 1.1222-1 states:" In the case of real estate, sale or exchange occurs on the first day of the sale or the date on which all the burdens and benefits of ownership to the buyer above. Obviously the buyer from any costs or rights, meaning they can not sell real estate, insurance, falls, burns, pay no taxes do not pay the monthly payments (no good to me from) and dozens of other factors. Buyer can just walk again and would! Of course, the transmission of the letter was not done until the final payment in full. "Refers to include" as amended "gap than others and why profits of the PAC to pay if need be. Please add a link or a reference book.

1 comments:

Bernie K said...

This advice is not a tax! Please consult your tax or legal advice.
The following link is for the state and was not specific advice for your situation.

Post a Comment