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Tahoe08, Home Buyer in Reno, NV

Is there a tax consequence for the buyer, in buying a short-sale?

Asked by Tahoe08, Reno, NV Sun Apr 19, 2009

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Tax consequences for a buyer are the same no matter if the buyer is purchasing a new home, re-sale home, short sale or bank owned property. The $8,000 buyer tax credit applies to first time buyers or buyers who have not owned a house for 3 years or longer. This is a great time to be a buyer.

Regards,

John Graham
tahoejg@netzero.com
0 votes Thank Flag Link Sun Apr 19, 2009
No tax consequence for the buyer. Unless you're a first time buyer then you have an $8,000 positive consequence.
0 votes Thank Flag Link Sun Apr 19, 2009
Not for the buyer. Yes for the seller.
0 votes Thank Flag Link Sun Apr 19, 2009
No, not for the buyer, at least in our area.
0 votes Thank Flag Link Sun Apr 19, 2009
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