Posted 9/28/2020 07:52 (#8519121 - in reply to #8519110) Subject: RE: paying cash vs financing
Southeast Colorado
Principle payments are not tax deductible. So the 10 years allows for the gradual pay down or taxable cash it takes to purchase the land. A one time lump sum would show up as cash income in one tax year. That could put you at a pretty high tax rate.