Is the money from the sale of my lease classified as ordinary income or capital gains?

This is a question that you should pose to your CPA. In the past, our clients’ CPAs have come down on both sides of this issue. Unfortunately, we are not qualified to advise you on this issue. However, we do advise you not to listen to the lease buyout companies or the tower companies if they try to represent that they can advise you on this issue. The only person that should answer this question is your CPA, and the proper time to ask is before you sign a letter of intent to sell your lease, not after.

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