March 19, 2018

The Tax Code’s Hidden Gem: Installment Sales for Wealth Management and Estate Planning

Justin P. Rostoff

Do you own a piece of fully depreciated real property with high capital gains? Is it time for the victory lap, but your profits would be greatly diminished because of the taxes owed on sale? With diligence, proper planning, and sound legal and tax counsel, the Internal Revenue Code can provide a perfect wealth management and estate-planning tool—the installment sale. This article will review the laws applicable to installment sales, illustrate a typical installment sale, set forth the purposes and benefits of conducting an installment sale, and explain the role of a bank or wealth management firm as the third-party buyer.

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