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Updated over 1 year ago,
Seller Finance and Capital Gains
Question-if someone sells their primary residence, offering seller financing, but doesn’t start receiving their repayment until 5 years after selling, will this affect their capital gains?
Side not if wondering-Seller meets all the requirements to receive $500,000 capital gains (married, lived in it..). Wondering more if there is a timeframe on the capital gains on the sale of the property and when the repayment happens.
Apparent any insight.