Aprio Austin’s Post

Looking to sell your home? Doing it through an installment sale could save you big come tax season. However, there are some potential pitfalls to be aware of, most of which could end up costing you far more down the line. ⚠️ If you sell to related parties and they sell within two years, you could owe all remaining tax immediately. ⚠️ Depreciation recapture may trigger extra tax if you’ve claimed depreciation on the property. If you’re considering using an installment sale for your home sale, make sure you’re up to speed on how it works, what to avoid, and whether it’s the right strategy for you. Learn more in our most recent post: https://lnkd.in/eRz7xM7M