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October 9, 2024
Question

Capital Gain on selling Rental Property to my son with owner finance loan

  • October 9, 2024
  • 1 reply
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If I provide the loan to my son to purchase the rental property I own at FMV (for example a 20 years loan with monthly payment distributed )

Do I report full amount capital gain when sales established? or I only need to report actual gain I received during the tax year?

1 reply

Employee
October 9, 2024

When you file your 2024 tax return report the net gain from the sale when the sale occurred as well as the interest paid to you for the year.