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February 4, 2020
Question

Tax Year Prior to 2020: If we received a $10,000 forgivable loan which covered our closing costs when we bought our home in 2013, did we effectively not pay any of the fees (for cost basis)?

  • February 4, 2020
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1 reply

February 4, 2020

Not entirely sure what you are trying to do. Are you selling your home? You mentioned a forgivable loan. Does that mean you received a 1099C?

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