Did you like how we did? Rate your experience!

Rated 4.5 out of 5 stars by our customers 561

Award-winning PDF software

review-platform review-platform review-platform review-platform review-platform

Video instructions and help with filling out and completing Where Form 4797 Deferred

Instructions and Help about Where Form 4797 Deferred

Music Robert, what is a DST (Deferred Sale Stress)? It is an installment sale and it's a way for people to deferral gains. Installment sales have been around for almost 85 years and someone who wants to sell their property can do so and ultimately sell it to a third-party trustee in exchange for an installment. Then, the trustee can resell it to a cash buyer. The result is that the cash becomes liquid and diversified. Traditional installments are not diversified or liquid as they are only backed by the asset that was once owned. With a DST, you get diversification with an installment, which is a much better approach. In this case, the taxpayer benefits from this approach. They gain liquidity, diversification, and the ability to choose the type of collateral they want. The seller taxpayer also gets the deferral of the money they would have to pay to the state or federal government. The benefits include better diversification, cash flow, and predictability. It's a great way to diversify and obtain liquid diversified cash flow with predictability. It sounds like a great resource for anyone benefiting from it. When selling real estate, people often wonder if something that sounds too good to be true is legal or if there are any pitfalls they should be aware of. Under IRC 453, the deferred sales trust is an installment sale, which is legal. Our tax law firm supports it and indemnifies the client for their work regarding audit defense at the state and federal levels. We have undergone reviews by the IRS and have not encountered any issues. This has been the case for all the transactions we have done over the years. So, there are no myths or concerns surrounding its legality. To get started, each agent representing the estate planning team has...