elated
Level 1

I have a C-Corp that is selling his building (principal place of business) as a lease with option to buy.

The lease requires a $10,000.00 monthly rent for two years and at the end of the two years the monthly rent to be credited to option to purchase. Should the sell be set up as form 6252 or as rental income and then in two years when purchased as a sell for the balance of the purchase price. I hope I have explained enough to get an answer.

Thanks Elaine

 

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