US Expat Owner Financing

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Mswalleye
Posts: 7
Joined: Thu Feb 19, 2015 7:23 pm

US Expat Owner Financing

Post by Mswalleye »

Hello .. US Citizen living in Canada is selling residence in USA used as secondary residence. Someone is interested in said house but would like for me to owner finance. What would be the tax implications of owner financing versus outright sale. As a US citizen in Canada could I even do that? Income right now is about $40,000 right now, I can collect SS in two years if I want, .... gain would be maybe $100,000. thank you
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