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So which is it, rent to own, contract for deed, or owner-financed sale? Anything in writing that would help? And the biggie, how has your brother been dealing with this on his returns?

Rule Your Retirement Home Fool

Thanks. There is actually no formal document that addresses the sale of the house. All he has is a standard Rent-Lease Agreement, which includes no language concerning the sale. So, in effect my brother has just informally agreed to convey the house to his son at the point the cumulative rent paid equals the agreed-upon sale price. Accordingly, my brother has been reflecting all rent payments each year as rental income.
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