Sale-leaseback may offer more benefits than reverse mortgage.: An article from: The Tax Adviser

by Rick J. Taylor

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This digital document is an article from The Tax Adviser, published by American Institute of CPA's on June 1, 1992. The length of the article is 1009 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: Aged persons needing cash income supplements, whose net worth is primarily in their residence, will benefit more from a sale-leaseback arrangement than through a reverse mortgage. The benefits of a reverse mortgage may not accrue if the recipient dies during the term and the value of the home is included in the estate. Under a sale-leaseback, $125,000 of the gain on the sale is exempt, the buyers gain the benefit of depreciation on the property and may deduct interest on any loan used to purchase the property.

Citation Details
Title: Sale-leaseback may offer more benefits than reverse mortgage.
Author: Rick J. Taylor
Publication: The Tax Adviser (Magazine/Journal)
Date: June 1, 1992
Publisher: American Institute of CPA's
Volume: 23 Issue: n6 Page: 360(3)

Distributed by Thomson Gale

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