Posted 3/30/2024 21:00 (#10687226 - in reply to #10685782) Subject: RE: Farm land "Installment Sale"
West Central Illinois
You must consult an attorney and tax expert on this. Contracts for deed and installment sales can be written with many different variations.
I believe (but ask your accountant) that if you take more than a certain percent (around 30%) all the gain is recognized the first year.
But any advice here is worth what you paid.
Farm land "Installment Sale"
