Home Buying in Madill>Question Details

Richard, Home Buyer in Madill, OK

Does the sale occur when you sign the contract or when you take possession of the home? for tax break purposes

Asked by Richard, Madill, OK Wed Feb 3, 2010

I signed the contract on a mew mobile home in late august. I didn't take possession until mid november

Help the community by answering this question:


What were the circumstances, concerning the time difference between signing the Contract in Late August and not taken possession until Middle November?
0 votes Thank Flag Link Tue Dec 3, 2013
The sale occurs when you take possession-- with a contract you are basically promising to buy.
0 votes Thank Flag Link Wed Feb 3, 2010
When you take possession.
0 votes Thank Flag Link Wed Feb 3, 2010
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