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Financial Planning / Tax Strategies
|Subject: Re: Anybody familiar with NAFEP||Date: 1/15/2001 4:59 PM|
|Author: harbg||Number: 44348 of 121061|
Thanks for the reply.
While any estate planning advice would be welcomed, I was specifically wondering if a private annuity is an acceptable form of payment (as far as the IRS was concerned) with respect to Capital Gains?
The program being pushed by the NAFEP site would have you believe that you could postpone paying capital gains on the sale of a property by selling the property for an annuity. Then deferring distributions from the annuity until say your 69th birthday.
This sort of sounds like an installment sale, with a twist: payments don't start until some time in the future.
Please see the original note for a pointer to their website and the details on this program.
Does this sound valid?
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