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Tax, SDIRAs & Cost Segregation
HomeForumsTax, SDIRAs & Cost SegregationAccounting for seller concessions
Danae Meurer's profile image
Danae Meurer's profile image
Danae Meurer
  • Investor
  • from Denver, Colorado
  • Member since Jul 16, 2013
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Danae Meurer's profile image
Danae Meurer's profile image
Danae Meurer
  • Investor
  • from Denver, Colorado
  • Member since Jul 16, 2013
Connect
Danae Meurer
  • Investor
  • Denver, CO
12
Votes |
34
Posts
Tax, SDIRAs & Cost Segregation

Accounting for seller concessions

Danae Meurer
  • Investor
  • Denver, CO
Posted Dec 27 2014, 12:05

How does one account for seller concessions from the HUD-1? Is that amount subtracted from the basis, or is that money allocated proportionally to each item in the closing costs it covered?

Also, if there is a Lender Tolerance Cure listed, does that follow the same treatment?

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