Clients occasionally approach me and inquire if selling the preconstruction condo as an assignment is a good idea. The basic answer is 'no,' and there's 2 good reasons for it. First and foremost, what is an Assignment sale? When you acquire a pre-construction and wish to sell it before it's built, you're dealing with an assignment and more often than not, the seller thinks that is a quick and easy way to make a profit. In this video, I'll go through the two tax implications that make an assignment sale difficult to make a good return on.

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