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Updated over 6 years ago,
Selling a House, Carrying a Note
If I sell a house and carry the note, I understand that the capital-gain percentage applicable to the sales date will apply to the down payment. After that, as the buyer pays each month for succeeding years, will the capital-gain percentage stay the same--that is, based on the year of the sale--or will it change each time a new percentage is set by new tax law?