Discussion:Real Estate Short Sale
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Sbragg0423 (talk|edits) said: | 31 January 2008 |
| Is the difference between the amount of sale and the puchase price taxable income | |
RoyDaleOne (talk|edits) said: | 31 January 2008 |
| Please give an example of what you are talking about. | |
Ken@seamann.com (talk|edits) said: | 31 January 2008 |
| If the sale amount is greater than the purchase price, yes, subject to the rules regarding reducing basis by amount of debt forgiveness & the home exemption amt. and all other rules. | |
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