Seller Financing Taxes
Hey guys. I am negotiating a seller financing deal with a property owner,who inherited a home after his mothers passing. House has no mortgage. He likes the idea of seller fiancing but in not sure how it will be taxed if je received monthly payments since he lives in California and the property is in Indiana. He is also wondering if the taxes would be less if he just sells the property outright. It has been almost a year since his mothers passing. Does anyone have experience wirh this?