Successful investors in certain fields know how to defer capital gain income tax liabilities with their property investment sales. (teenanalyst.com)
If the son were to sell the real estate later for $ 1,000,000 the son would only owe capital gain income taxes on the $ 350,000 gain. (exeter1031.com)
Section 453 of the Internal Revenue Code and Section 1.453 of the Department of the Treasury Regulations allow you to defer the recognition (payment) of capital gain income taxes on the portion of any sale that is financed by you using a seller carry - back installment note. (exeter1031.com)