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Investors & landlords
You know you might be having problems with this because of the loans....you don't factor in the mortgage on the relinquished property UNLESS the buyer is paying off the mortgage or assuming it and you don't factor in a mortgage on the replacement property UNLESS you're assuming that mortgage. I mean if the mortgages aren't part of the deals forget about them for the purpose of entering this on the 8824.
‎April 6, 2021
2:54 PM