Capital Gains Tax Alternatives - Posted by Lisa

import · August 31, 2003, 5:36pm

Posted by JHyre in Ohio on September 02, 2003 at 19:46:26:

I don’t know of requirement to wait before collecting on the payments BUT the timing of the payments does affect your taxation…the sooner the payments are received, the sooner you pay tax.

John Hyre

import · August 31, 2003, 5:36pm

Capital Gains Tax Alternatives - Posted by Lisa

Posted by Lisa on August 31, 2003 at 17:36:31:

I have been reading several books and have come across something that I can’t quite figure out.

I would like to take the proceeds from a sale of a investment property and put that into a private annuity trust that will pay me about $1000.00 per month for the next 5 years.

My question is can I began collecting this annuity the month after the property is sold. Or are their restrictions on how long I must wait.

Are there any downsides to this type of alternative?

Thanks
Lisa