Wordlv’s Answers (1)
Wordlv answered:
Yes, I dont know why this is so hard for people to answer. Per the IRS land contracts and contract for deeds are a form of financing. As long as the buyer recieves the benefits and the burdens of home ownership(i.e. property tax and intrest witeoff). The IRS has published a new note on this topic- July 2nd,2009
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