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Beneficiary Interest In Land Trust

joefm26 profile photo
  • Monday, January 17, 2005 @ 01:38 AM EST
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Hi just a quick question, is selling the benefical interest in a land trust a taxable event? I know that may seem like a dumb question lol but I am just having a brain fart today. Joe
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  • jeff12002
    jeff1200216th January, 2005
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    Yep. Money changes hands. It's a taxable event.

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