contract of sale usually will be set up to allow your aunt to retain title until paid in full with new owner using the land and paying property taxes over to aunt
if sold for cash today any income taxes would be due next 4/15 and deal is done = bird in the hand
if sold on "installment sale", aunt carries the note, she would pay taxes on the interest and taxes on selling price as it is received, title usually handed over at close and gets messy if buyer defaults
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Today's Featured Article - On the Road with Dave Gohl: Tractors and Farming - by Dave Gohl. I never thought I'd live to see the day, when I could call myself a farmer. What allows me to say this? Well, when our family moved to our 20 acre site near New Prague, Minnesota, I had one thought in mind. You guessed it, farm it somehow. A little history is in order. In my younger days, mom, dad and my brother made frequent visits to dad's youngest brother Pete, who took over the home farm from grandpa MIke. It was the typical set-up, milk cows, pigs & chickens. In the winter, we'd play
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