Tax Consequences Of Selling A Note

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Anyone know what the tax issues are with selling a note that I have held for 3 yrs? Taxed as ordinary income? Or, long term cap gain rate?
Thanks

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  • bc127th October, 2007
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    Thanks for the reply. Yes, we are carrying the note as part of a sale of real property. So, I gueuss this goes under long term capital gains. That is good news!

  • cjmazur27th October, 2007
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    A mentor of mine used the same stock broker as me. When the broker saw how serious I was about REI, he introduced me to the mentor.

    That is more than 2 yrs ago, and he just help me structure a mixed-use deal.

  • lassitermarketing1st November, 2007
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    Reply

    It is. Get your borrowers with a broker that does the new FHA Secure.

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