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David Lunsford's profile image
David Lunsford's profile image
David Lunsford
  • from Fort Worth, TX
  • Member since Feb 11, 2009

User Stats

66
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25
Votes
David Lunsford's profile image
David Lunsford's profile image
David Lunsford
  • from Fort Worth, TX
  • Member since Feb 11, 2009
David Lunsford
  • Fort Worth, TX
25
Votes |
66
Posts
Tax Liens & Mortgage Notes

taxes and installment sales

David Lunsford
  • Fort Worth, TX
Posted

How the heck is someone supposed to build a portfolio of owner financed notes when the the tax code is very specific about paying tax on the difference between the basis and the sale price. Rent it for a year and then create an installment sale?

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