land trust and taxes
We have been doing some sandwich leases (please forgive me) but now we are using the $cash$ method. If we were to place the property into a Land Trust, what would be the tax implacations? I know with sandwich we never paid capital gains, but if we place it into a Land Trust ,to transfer ownership, are there capital gains. Is there any little twists I am missing?
Thanks
Sire[ Edited by sire on Date 05/19/2003 ]
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