schirallicpa Posted December 5, 2016 Report Share Posted December 5, 2016 client is buying a house and the realtor has just told her it is a short sale. Wanting to avoid any potential problems, but just thinking out loud - are there any possible tax ramifications? Quote Link to comment Share on other sites More sharing options...
rfassett Posted December 5, 2016 Report Share Posted December 5, 2016 Not for the buyer. The basis is figured the same as the figuring of any other purchase basis My comments assume an arms length transaction. Quote Link to comment Share on other sites More sharing options...
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