I’m own 99% of an LLC that owns 100 acres of raw land outside of Houston. I want to sell the property to another LLC for cash, plus I want them to agree to assign to me any future revenue that might come the from reimbursement of utility infrastructure (i.e. MUD reimbursables).
Assuming the sale qualifies for LTCG treatment, will the future reimbursables also be treated as LTCG?
Don’t mind paying for an advise (i.e. we’re looking for a tax advisor), just want someone who really knows the answer.
Assuming the sale qualifies for LTCG treatment, will the future reimbursables also be treated as LTCG?
Don’t mind paying for an advise (i.e. we’re looking for a tax advisor), just want someone who really knows the answer.