Now here’s what happens when you take that installment sale. So you may go to your CPA, who will tell you, if you do this you’re going to be PAYING tax on all of the capital gains, because you’re not taking it all in year one. You’re spreading it out over 30 years.
So the CPA will tell you from a tax standpoint, it doesn’t make sense to do this.
Here’s what you tell them. You can opt out of the installment sale treatment in year 1 and treat all of that gain as being recognized in year one. This won’t be taxable to you because you can excuse up to $250,000. Therefore, as you receive those payments in the future, they’re completely TAX FREE.
So your CPA, although they’re correct, they don’t understand the right strategy to make sure you’ll get a payment stream that you won’t have to pay taxes on.
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Clint Coons, Esq. is one of the founding partners of Anderson Law Group, Clint has grown his legal and tax firm to over 400 employees by assisting real estate investors with creating and implementing solid entity structuring plans. His success in these regards is in large part due to his personal investing experience. A successful attorney, real estate investor, and speaker, Clint has used his innovative and dynamic strategies coupled with knowledge borne from experience to help thousands of people save millions of dollars and build real wealth.
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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.