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| At one time there was a rule that to recognize the the gain over a period of years the contract had to be for more than 3 years. I have been farming a farm for 20 years now that is owned by a guy that has gone form assisted living to full care over a period of years. First I bought a parcel and he took the payments in two different years. Then I bought another piece. Now the rent isn't even close to paying his living expenses . So I am buying more of the farm on payments that cover the nursing home bill. | |
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Farm land "Installment Sale"
