Sold home with short term leaseback

amdail · ‎March 28, 2022

Sold main home and the buyer allowed the seller to have 5 weeks of leaseback. Is the leaseback money paid by the seller considered a reduction in the sales price of the home? Or is it just rent expense to the seller?

MinhT1 · ‎March 28, 2022

The leaseback is not a reduction of the sale price.

It is rent paid by the seller.

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View solution in original post

MinhT1 · ‎March 28, 2022

The leaseback is not a reduction of the sale price.

It is rent paid by the seller.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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Sold home with short term leaseback