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Tag Archives: refiannce

*Tax Quips, Basis, Capital Gains Tax, Personal Residence Exclusion

Utility Offers to Buy Home

Posted on March 8, 2012 by TaxMama

Today TaxMama® hears from Dean in the TaxQuips Forum with this odd question. “The local power company wants to purchase my home, payoff my mortgage, allow me to live rent free for 12 months; then allow me to purchase the house back for the market value to avoid capitol gains tax. Is this legit? They […]

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Posted in *Tax Quips, Basis, Capital Gains Tax, Personal Residence Exclusion  |  Tagged *Tax Quips, attorney, best, Business/Finance, Dean, easement, Emergency Economic Stabilization Act, fiscal follies, Free, IRS News, jokes, market price, Money Funnies, Mortgage, Mortgage loan, refiannce, Refinancing, tax answers, tax blogger, tax humor, Tax Information, tax jokes, tax podcast, tax questions, tax tips, tax writer, TaxMama, terrific, top, USD, utility 4 Comments
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