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15
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Amit Rana
  • Investor
  • Chicago, IL
0
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15
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Escrow holdback vs Seller Credit

Amit Rana
  • Investor
  • Chicago, IL
Posted

From a tax perspective is giving a buyer a credit (for repairs) same as putting amount in an escrow holdback? Would the escrow amount count as selling cost and hence my taxable gain? Or does it act more as repair/improvement cost?

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