AgTalk Home
AgTalk Home
Search Forums | Classifieds (2) | Skins | Language
You are logged in as a guest. ( logon | register )

Buying farm on contract--estate/cap. gains tax?
View previous thread :: View next thread
   Forums List -> AgTalk CafeMessage format
Posted 11/18/2012 10:21 (#2703714)
Subject: Buying farm on contract--estate/cap. gains tax?

Generic numbers. Farm was bought for $1000. I buy for $5000. Pay land owner $500 per year. Land owner receives 4 payments ($2000). Land owner dies. Estate receives remaining 6 payments ($3000). How are the taxes handled. Are there any tax benefits to selling on contract vs. bank loan. Trying to weigh options.
Top of the page Bottom of the page

Jump to forum :
Search this forum
Printer friendly version
E-mail a link to this thread

(Delete all cookies set by this site)