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Updated about 10 years ago,
Sheriff sale - Tax question
Hello,
while i was using the fix and flip analysis calculator, i found the analysis shows tax as well.
I understand property tax individual would have to pay as per schedule but I don't think buying from sheriff sale includes sales tax as well, it includes the highest bid amount + any sheriff sale fee or court/clerks fee. please correct if there is a sales tax as well when buying from sheriff sale ? or tax will be paid as a part of individual's income tax return in April next year.