09-28-2005, 07:27 AM
| | Income Tax Liability Scenario
What would be the best tax liability scenario be if a property is bought for $20,000.
Refi and hold. any tax liability for the mortgage difference and purchase price.
Sell for $60,000 no money down, hold the note, and /or sell the note.
What would be the long term tax liability or the short term tax liability?
Any other scenarios would be appreciated.
[Non-text portions of this message have been removed]