Financing in Arlington>Question Details

Marsha Schen…, Real Estate Pro in Muscatine, IA

client bought house in 2008. He is selling without profit. Is $6,000 left from $8,000 going to have to be paid or what happens?

Asked by Marsha Schenkel, Muscatine, IA Fri Dec 28, 2012

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4
I thought I replied to this earlier, but I guess not.

Speaking of guessing, your question lacks serious details and anybody trying to answer would simply be guessing about exactly what you are talking about. Please provide more detail so that we can give you an accurate answer.

Joe Stone
Exclusive Homes
682-777-0836
joe@texasblueline.com
0 votes Thank Flag Link Fri Dec 28, 2012
Are you talking about the Tax credit? I am not sure what you are asking could you clarify?
0 votes Thank Flag Link Fri Dec 28, 2012
That $8000 was a TAX PROGRAM:
What he should do is go down to IRS office and talk to them;
I have found them very understanding and co-operative.
It will come out eventually, might as well meet it head-on.
0 votes Thank Flag Link Fri Dec 28, 2012
Did the client buy the house for investment purposes or as his personal residence?
0 votes Thank Flag Link Fri Dec 28, 2012
It has been his personal residence
Flag Fri Dec 28, 2012
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