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Updated over 2 years ago, 08/24/2022
Mindy JensenPoster
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- BiggerPockets Money Podcast Host
- Longmont, CO
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Does "Credit at Closing" have any Capital Gains Tax Implication?
I need to reduce the price of my property for sale. A reduced list price means I'm paying less in Capital Gains Taxes. How would a "Credit at Closing to help with Buyer's Closing Costs" come into play?
Does this also reduce the amount of Capital Gains Tax, since it is less money I am receiving?