Skip to main content
Message Font: Serif | Sans-Serif
No. of Recommendations: 0
we have a lake home that we are selling. It was not a rental property. I do not want to live there for two years, but would like to minimize the capital gain. Would any of the following strategies work?: Sell the boat dock separately from the home. We added the boat dock at a cost of $20K. Would like our buyer to purchase for $35k, therefore we would reduce the cost of the home by 35K. Sell the furnishings separately, we also added the furnishings and would like to sell for 15K and reduce the home price by 15K. Are there any disadvantages to us or the buyer for stucturing our deal this way?
Also, what about seller financing on the appreciated portion, is it still considered a gain if we set up as an installment loan?
Thanks for any insight!!
Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.