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?