Re: Contract for Deed - Landlord Forum thread 199711

Re: Contract for Deed by Dale (GA) on April 4, 2010 @07:19

Thank you for the information. My biggest concern is that all the capital gains would be tax free if a buyer finds alternate financing because I have owned and resided in the house 24 of the last 60 months. Actually, I lived in the home for 22 years and moved out 21 months ago. My basis is only about $80K and the sale price on the house is $150K, so there is perhaps $70K in appreciation and I have taken no depreciation while renting the house this past year. If by offering a contract for deed self financing agreement could cause any of that $70K in appreciation to become taxable over the term of the loan, even with an early payoff, then I will probably not offer it as an option.

[ Reply ] [ Return to forum ]