Get no-obligation free mortgage quotes

Compare Mortgage Quotes

Property State:
Property Type:
Credit Rating:

Call at 888-485-7561
and get current mortgage rates from a lender.

Refinance Rates for Today

Please enable JavaScript for the best experience.

In the mean time, check out our refinance rates!

disclaimer

Home

Mortgage Forums

Budgeting and Personal Finance

selling land on contract and paying capitol gains tax

Author

Message

	Add to del.icio.us
	Add to YahooMyWeb
	Add to Simpy
	Add to BlinkList

mmckee24

Joined: 31 Dec 2008

Posts: 1

1.24 Dollars($)

Posted: Wed Dec 31, 2008 11:47 am Post subject: selling land on contract and paying capitol gains tax	Like 0 Dislike 0

If i sell agricultural land on a 30 year contract. When do i have to pay the capitol gains tax?

adonis
adonis

Joined: 22 Oct 2005

Posts: 10242
Location: ALASKA
1042.50 Dollars($)

Posted: Wed Dec 31, 2008 11:10 pm Post subject:

Like 0

Dislike 0

Hey mmckee,

I did not understand what you wanted to say by

Quote:

sell agricultural land on a 30 year contract

Can you explain this? It will help me to answer your query.

As far as capital gains tax is concerned, if there is a profit resulting from the sale of the property, then you may have to pay the capital gains tax.
_________________
Procrastination is the enemy of your financial success

All times are GMT - 7 Hours

Page 1 of 1

Refinance Quotes

Call for Rates

Speak to a lender now.
We will match calls to our toll free number with our network of lenders.

Highlights

Financial Tools
• Credit Repair Tool

• Mortgage Planner
• Simple Budgeting Tool

Helpful References
• 34 Tax tips boost your savings
• 12 financial ways for Seniors
• Budgeting Lesson 1
• 401k/403b Retirement Loan

Calculators [View all]
• Calculate Debt-Income Ratio
• Calculate Retirement savings
• Convert IRA to Roth IRA
• Tax savings in 1031 Exchange

Our Community
• MortgageFit Blog
• Community Professionals
• Community Rewards
• Introduce yourself
• Website tools

Community Rewards
• Five simple ways to earn money with the Mortgage Community.

Company	Loan Type	APR	Est. Pmt.
				Go
				Go
				Go
				Go
				Go
				Go