Thread: Poor planning home 'buyers' might be getting more government aid...
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Old 03-29-2008, 06:13 PM  
slapass
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Join Date: Nov 2002
Location: Earth
Posts: 14,625
Quote:
Originally Posted by Peaches View Post
More than likely you will receive a 1099 for this. You will be paying taxes on it.
Nope they changed this law this. He will not owe taxes as if it was a gain.
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