Also, there can be an installmentsale (when the value of the asset is low) to a defective grantor trust that is a completed transfer but not taxed for income tax purposes.
Options include an installmentsale that spreads payments over a number of years or a "like-kind" exchange, a tactic in which an investor swaps assets instead of selling them, says Kogod's Mr. Kautter.
For those people who get a special thrill out of raising their risk of a tax audit, there's a new scheme from the NISS Foundation (formerly the National InstallmentSale Service) in Kitty Hawk, N.
For the third installment in our annual series on the priciest palaces for sale in the United States, we turned our attentions to the middle of the country. (We've already ranked the ten priciest in the country and the most expensive in the Northeast and the South.) Our findings?
The proposed regulations provide that if a taxpayer sells an interest in an S corporation or partnership interest on the installment method, any adjustment to net gain is computed in the year of sale and is taken into account proportionately as each payment is received and gain is recognized.