Tax consequences of selling homes with Contract For Deed?

[Charlie Gould]

I have a W2 job that pays me well.

I am considering selling my investment home using a Contract For Deed.

I will own the home free and clear before I sell it.

Payments I would receive from the CFD would be $600-$700 per month for 10 years.

Is that income taxed at my W2 rate or is there a tax structure that can minimize the taxes that have to be paid on that income.

Thank you... 🙂