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Updated almost 9 years ago,
recapture tax/capital gains
I am selling financing a mobile home for 1,200,000 at 6.5% for 20 years.
200,000 down, 1,000,000 mortgage
I will be subject to 400,000 on the recapture tax so I've taken the steps to reinvest the 200,000 down payment.
How can I avoid paying the rest of the recapture tax and capital gains since I will only be getting a potion of each loan payment in principal. Loan closes on 03/31/16 Thanks