Beneficiary Interest In Land Trust
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
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
Yep. Money changes hands. It's a taxable event.