Discussion:Income from a deposit on a cancelled sale
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Revision as of 01:40, 14 March 2007
Discussion Forum Index --> Tax Questions --> Income from a deposit on a cancelled sale
| 14 March 2007 | |
| I have a client who received $23,000 in deposit money on the sale of his personal residence that was cancelled by the buyer. He was able to keep this money. He later sold the home at substantially less than the original sales contract. How does he treat this $23,000? | |
