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Irwin Law
Irwin Law, Attorney
Category: Estate Law
Satisfied Customers: 7408
Experience:  30+ yrs. handling probate estate, wills, trust, inheritance & real estate related matters
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Background: I am the beneficiary of fees that are generated

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I am the beneficiary of fees that are generated by a deed restriction on real estate. The deed restriction was filed in the public records more than a year ago. I just sold my rights to that future income.

Is the sale considered a long term capital gain?

Hello. On what date did you acquire the rights that generate the income, and on what date did you sell them? If there are 365 days in between the acquisition and selling dates, then the profit looks like a long term capital gain.

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