| You just have to pay it, the rate is not that high. The govt. needs it, and I expect the capital gains tax rate will be going up in the next few years. The installment contract, also known as a contract for deed, may spread the income, but be sure it is with a solid buyer, or you could have a mess.
Of course, before selling real estate, consult your atty. and your CPA.
Advice you see on a website is not to be trusted, except the previous sentence... |