She'll have to pay capital gains tax on it either way (assuming its not her personal residence), but with a contract, she just has to pay tax on the proportion of the profit she received during that year. She can probably get a much better return on her money with a contract- 5 or 6% interest, vs. about 1% if she sells for cash and invests the money.
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Today's Featured Article - New Life for an Old Allis - by Tyler Woods. My friend Jon, has an old '39 Allis Chalmers B. He thought it a marginal tractor that had long since served its time. She smoked terribly and never had much power but he couldn't afford another so he was limping along with what he had. Jon's Allis has a small front loader and though it doesn't carry much, it serves his needs. It was the hard starting and low power that made him think it was time to replace the old girl. Jon called me to help him discover why his tractor wouldn't start
... [Read Article]
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