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Updated almost 12 years ago on . Most recent reply presented by

Dave Bryant's profile image
Dave Bryant's profile image
Dave Bryant
  • Real Estate Investor
  • from beckley, West Virginia
  • Member since Oct 6, 2008

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Dave Bryant's profile image
Dave Bryant's profile image
Dave Bryant
  • Real Estate Investor
  • from beckley, West Virginia
  • Member since Oct 6, 2008
Dave Bryant
  • Real Estate Investor
  • beckley, WV
0
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2
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Tax, SDIRAs & Cost Segregation

owner financing

Dave Bryant
  • Real Estate Investor
  • beckley, WV
Posted

I have a couple of houses I am owner financing. I have heard that you are only allowed to owner finance 2 or 3 houses and still get taxed the normal capital gains rate (on the interest you profit from the sale), anymore than that and the IRS will classify you as a dealer, and you must pay the capital gains on the full sales price of the house, even when you havent received full payment yet. Can anyone clarify this for me?

Dave

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