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Old 01-30-2013, 04:46 PM
 
4 posts, read 65,483 times
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I charge 1% interest on a man contract or will it cost me up with the IRS if so what is the lowest rate I can legally charge on a 17 year land contract with the outstanding debt in 140,000
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Old 01-30-2013, 04:54 PM
 
4 posts, read 65,483 times
Reputation: 36
I'm selling my farm for $140,000 will be the outstanding balance I want to go as low as I can on the interest rate can I go as low as 1% or will this cause a IRS problem and if so how low can I go without causing a problem.
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Old 01-30-2013, 06:31 PM
 
171 posts, read 303,233 times
Reputation: 69
I know there are 0% land contracts out there.
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