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re: Question About This Article On "Four BR Homeowners Who Tried To Fool Us"

Posted on 2/15/20 at 2:52 pm to
Posted by Jack Bauers HnK
Baton Rouge
Member since Jul 2008
5727 posts
Posted on 2/15/20 at 2:52 pm to
quote:

The buyer, when he goes to sell the house with a cost basis of $100.


Can he not disclose the true cost of his house to the IRS without putting it into the public record?
Posted by miketiger
Baton Rouge
Member since Feb 2005
1676 posts
Posted on 2/15/20 at 3:45 pm to
It screws up the comparables for future sales.
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