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Old 08-26-2007, 01:16 PM
SteveOMS SteveOMS is offline
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Join Date: Jun 2005
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Default Re: Evaluate my real estate negotiation in real time!

Well I was still technically right. The 1k is a taxable event that has to be claimed on your returns (with the rest of the sales price), but your allowable deduction claimed on the house will also increase by the same amount.

Steve
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