我不是 CPA，

来源: RE8888 于 2010-11-20 22:25:42 [] [博客] [旧帖] [给我悄悄话] 阅读数 : (657 bytes)
本帖于 2010-11-21 08:29:54 时间, 由普通用户 jy101 编辑
回答: Can any CPA confirm this? 由 ConeHead 于 2010-11-20 22:11:27

你太聪明，太精明啦。 想不到IRS比你更精。

NO! Your cost base never change with / without cash out re-fi.

That's exactly what happended in last few years house bust. Everyone cash out the money and used it up, then walk away. Per IRS, the difference between short sale (or REO)price and loan amount (which is bank lost portion) is subject to capital gain tax. Since it will create double burdens for these homeowners (lost home and tax due), Jr. Bush signed the law to waive that.

BUT, if it is your rental property or investment property, you can't run away this tax liability.

 

 

所有跟帖： 

• what if it is not a short sell, it is a regualr sale to 400K in -mickey222- ♀ 给 mickey222 发送悄悄话 mickey222 的博客首页 (0 bytes) () 11/21/2010 postreply 04:39:48

• What's your question? -RE8888- ♂ 给 RE8888 发送悄悄话 RE8888 的博客首页 (0 bytes) () 11/21/2010 postreply 10:29:15

• Isn't it obvious? -ConeHead- ♂ 给 ConeHead 发送悄悄话 ConeHead 的博客首页 (77 bytes) () 11/21/2010 postreply 10:31:36

• but you will pay back when you sell. -RE8888- ♂ 给 RE8888 发送悄悄话 RE8888 的博客首页 (104 bytes) () 11/21/2010 postreply 10:35:13

• What if I never sell? -Conehead- ♂ 给 Conehead 发送悄悄话 Conehead 的博客首页 (100 bytes) () 11/21/2010 postreply 10:38:16

• Yes,Yes。 -RE8888- ♂ 给 RE8888 发送悄悄话 RE8888 的博客首页 (183 bytes) () 11/21/2010 postreply 10:52:42

• question -connecting20- ♀ 给 connecting20 发送悄悄话 (416 bytes) () 11/21/2010 postreply 13:29:26

• After step-up, kids cost base is the market value -RE8888- ♂ 给 RE8888 发送悄悄话 RE8888 的博客首页 (175 bytes) () 11/21/2010 postreply 14:31:20

请您先登陆，再发跟帖！