I'm considering selling my house on a land contract. The terms state that they will pay 8% down (the realtor takes 6%) and monthly payments at the rate of 8% on the principal. They will take care of taxes and insurance.

What are the tax consequences for me? Will this be treated as income, or as sale of a home (I have just bought a more expensive house).

Eric in Dayton

This sounds like it's a sale with you holding a mortgage. So the tax consequences would be the same as you selling the home, but you will need to declare the interest as income each year.