August 17th, 2010 | 
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jesbrd1 asked:
I am selling a house that I inherited from my parents contract-for-deed. After 4 years of monthly payments, the buyers are obtaining a bank loan & paying the remaining balance in full. What, if any, will be my income tax responsibilities?
Ramona Jenkins
I am selling a house that I inherited from my parents contract-for-deed. After 4 years of monthly payments, the buyers are obtaining a bank loan & paying the remaining balance in full. What, if any, will be my income tax responsibilities?
Ramona Jenkins
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The value stated when you also should have to pay capital gains tax at that time httpwwwmypropertyflipcom httpwwwamericanseizedrealestatecom.