- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Other financial discussions
If you finance the sale of the property over several years, the tax on your gain will be split up over several years as well, so that may lower your income tax by keeping your income in a lower tax bracket.
However, most likely you will be paying tax on the gain at capital gain tax rates, which will probably be lower than your marginal ordinary tax rates. So, it my benefit you from a tax standpoint, but you would have to run some numbers up to make sure.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
March 11, 2021
5:20 PM