answersLogoWhite

0

If the buyer's only intent is to live in the home, then no. However, if the seller makes a profit off the home, he'll have to report the profit as income on his tax return.

User Avatar

Wiki User

15y ago

What else can I help you with?

Related Questions

Purchase a Tesla Generator?

form_title=Purchase a Tesla Generator form_header=Find an outlet for a Tesla generator near you. Are you experienced in the use of tesla generators? = () Yes () No Will you need professional installation for your tesla generator?= () Yes () No Is the tesla generator for home, business or industrial use?= () Home () Business () Personal


What is business and Personal Computing?

Business computing is done at work; personal computing is done at home.


Where can I get info on personal finance home?

Personal home financing refers to financing in order to purchase a home/condo for use personally (not as a business or second income). One of the first places to look at for information is your local credit union or bank. You may also seek advice from a mortgage broker.


Do I have to be a business to use the Bookkeeper 2009 or does it have a personal application?

No, you can use this for home and business use.


Can you buy a used car and return before 72 hours?

In most states there is no "Return Clause" if you went to a dealership to purchase the vehicle. If someone came to your home or place of work and consumated the sale you may have a 72 hour return opportunity. The difference is that if you went to the dealership you actually initiated the transaction and have no remedy. If they came to your home or place of business theyinitiated the transaction and you may have the right to recind your agreement.


What information is required to register a copy of TurboTax Home and Business?

TurboTax Home & Business is tax preparation software that handles self-employment taxes and personal income taxes. In order to register a copy of TurboTax Home and Business, one must claim personal identification.


What is Bryan Jesse Breeding home number?

that is his personal business no yours


How are business miles for your personal car calculated when you work from home?

Smiles


What are some reasons to use a business phone rather than a personal phone?

The diffrence between a business and personal phone is that the personal phone you use to talk to friend and family as well as home based matters were as to business is used for business maters only.


What are the best work at home jobs of 2010?

Appliances & Electronics Business Arts & Crafts Business Business Services Business Consulting Business Financial Services Home Services Business Medical Billing Online Home Business Personal Services Business Retail Home Business


What is the greatest advantage of operating a home-based business?

Flexibility - Transaction and operation can be done anywhere, everywhere without limitation of time and distances.


Is delivering personal ad for a home business into others mailboxes illegal?

maybe