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Updated about 1 year ago on . Most recent reply

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2
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Deborah Frantz
  • Falls Church, VA
0
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Tax question on a rental property that was bought through a housing program.

Deborah Frantz
  • Falls Church, VA
Posted

The program required half of the profits from the sale be paid back into the program. A check was wired to the county at closing by the settlement company. Do I add this payment to the closing costs? The 1099-S I was given at closing shows the full sales price. 

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