• FreeAdvice has a new Terms of Service and Privacy Policy, effective May 25, 2018.
    By continuing to use this site, you are consenting to our Terms of Service and use of cookies.

Taxes on Real estate contract

Accident - Bankruptcy - Criminal Law / DUI - Business - Consumer - Employment - Family - Immigration - Real Estate - Tax - Traffic - Wills   Please click a topic or scroll down for more.

A

Ashleigh99

Junior Member
INDIANA

We are selling our home on a contract, he pays 423$ a month. Do we claim that on our taxes the same as "rent collected"?

Technically, that is what he is paying, it is sort of a rent to own basis. So I assume that is how we calim that income, right?
 


You must log in or register to reply here.

Find the Right Lawyer for Your Legal Issue!

Fast, Free, and Confidential
data-ad-format="auto">
Top