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View Full Version : Do I have to pay income tax on a land contract?


essy2
Oct 24, 2011, 04:49 PM
I'm selling it for just what my payments are so I just make the payments with the money.

ScottGem
Oct 24, 2011, 04:57 PM
Need more info here. If you are buying property on a contract for deed basis, then the property is not yours to sell. You don't have a deed. You can sell the contract, but that may require the contract holder's permission.