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Updated almost 15 years ago on . Most recent reply presented by

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72
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23
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Ron K.
  • Professional
  • Altoona, PA
23
Votes |
72
Posts

Installment Sale Terminated

Ron K.
  • Professional
  • Altoona, PA
Posted

I have buyers who are turning in keys to me on a property after 3 years into an installment sale, thus terminating the agreement. If I resale the house outright how will I be taxed on the gains. Can I claim long-term capital gains taxes?

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