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Assignment Fees And Capital Gains

stanzacamry profile photo
  • Wednesday, August 17, 2005 @ 09:37 PM EDT
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lets asy i purchased a house for 190k and assigned it for 30k. now how will i be taxed if A. i just assign the contract b. i do a double closing
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  • InActive_Account
    InActive_Account17th August, 2005
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    I believe in either case,it will be taxed as ordinary income.

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