Lot's of taxpayers and accountants think that you only have to reinvest the gain being deferred.

The bottom line is that the taxpayers are the ones that just got soaked on the foreclosure so the govt should be trying to get as much money back as possible to make us whole.Not trying to use our money for any social engineering program they think is best.

@Shenequa JSo do you market to delinquent tax payers year round or closer to the foreclosure date by the tax authority?

For example, providing a tax credit for your child is to generate the reaction of people having kids so that they become tax paying citizens.

As he pursues a boatload of free tax payer funding, he seeks to revitalize and redevelop the run down areas.

No telling what will happen when the artificial job market in DC bottoms out (i.e. inefficient government jobs supported solely by tax payers) and outrageous rents like paying $2,300 for a 650 sq ft 1BR unit are no longer realizable.

So, we're looking at less than 10% of teachers who would qualify to carry firearms.Sorry, but 10% of teachers carrying guns is not going to stop a deranged gunman from killing a bunch of kids -- it will just mean that more teachers get killed in the process.Btw, as it seems you think we should spend taxpayer money to protect our kids, does that mean you'd fight for more free and subsidized school meals?

IRS allows the credit to be allocated among such taxpayers using any reasonable method, provided no portion is allocated to an ineligible taxpayer.

Ibrahim, No Special form is required if the taxpayer only needs a return transcript.

The rule applies to the inherited portion of property owned by the inheriting taxpayer jointly with the deceased, but not the portion of jointly held property that the inheriting taxpayer owned before his inheritance.