How does capital gains tax work for a land contract sale?

If a property was purchased say at $50,000 and then sold via land contract at $ 90,000, assuming everything simple, and there is a capital gain of $40,000.

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I am due to recieve 50k in captial gains from an inheritance this week which falls under my 2022 taxes (that now has to be amended). In talking to my tax lady that 50k throws me into another tax bracket which has me l...

I just closed on my first property. I'm buying it as a primary residence and the tenant there recieved 60 days notice from the previous owner to vacate the place... the tenant is not complying and I feel she will prob...

Recently I found myself responding to a craigslist post of a real estate job that sounded too good to be true.  They offered education in real estate on wholesaling, flipping, buy n holds. Basically, you would find de...

I have a house that I received that is completely paid off and clear of liens. However, it needs at least 45k in renovations. The area is not the best but there is a shortage of housing in the area (like most places i...

My name is James Bourn III and I am owner and operator of Bourn Home Improvement and Repair. I have just started this business and my goal is to recieve my General Contractors license in Ga, but according to Ga law I ...

Hello,

I just got started doing direct mail and I was wondering how often I should mail to absentees. I sent out 160 post cards last week and so far I have recieved 2 calls both no deals. I also sent out 111 NOD ...

Hello BP,
I am a muslim trying to get started with my investment career. However, as part of my religion it is forbidden to pay or recieve interest. However there is an alternative way which is charging the profit on...

If a potential tenant in this order recieves lease agreement then makes payment including security deposit, first and last months rent  via certified cashiers check is the agreement valid if it’s not signed? 

Ok, so we bought a deal from another investor. He gave us a great price, and we closed on it with our cash. My partner went to closing, and he had mentioned that it was a short sale being flipped to us. I didnt rea...