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Land contract
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Blusteryknollfarm
Posted 7/28/2025 22:25 (#11312648 - in reply to #11312620)
Subject: RE: Land contract


North Central Illinois
Yes, though as long as the difference between market rate interest and zero is below the $16,000 gift allowance it can still be made to pass muster.

In this case, the tax issue is the seller's problem, not the buyer's.
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