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Tax, SDIRAs & Cost Segregation

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Chad Whitman
  • Rental Property Investor
  • Oswego, IL
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14
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Is property tax credit considered income?

Chad Whitman
  • Rental Property Investor
  • Oswego, IL
Posted Feb 28 2020, 06:02

I purchased a duplex in 2019. As part of the closing, I received a property tax credit of $3,000 from the seller for the time they owned the property in 2019. Should that be considered income?

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