A contract for deed or installment contract for the sale of real estate (or other assets) between parent and child is not unusual; a frequent outcome of such transactions is that the obligor under the contract becomes the owner or a co-owner of the contract after death of the contract seller, which results in often unanticipated income tax consequences.
Organization |
Iowa State University Extension |
Publisher |
Iowa State University |
Published |
February, 2003 |
Material Type |
Written Material |