Log in

View Full Version : Capital gains tax on contract for deed


bonnie2
Feb 27, 2013, 08:12 PM
We are selling a business and would like to reinvest to avoid some of the capital gains tax. However, we are selling on a contract for deed and will be receiving monthly payments, instead of one lump sum. How do we reinvest?

AtlantaTaxExpert
Feb 27, 2013, 09:58 PM
Yours is a complex question involving an installment sale.

You need to consult with a local tax professional with experience in such sales to get the full picture of what your tax strategy will be. The variables are too many to cover in a forum like this.