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Describes what a recapture tax is and how it will affect you as a CHFA borrower ... The Recapture Tax is part of the federal tax code. It is collected by the Internal Revenue Service and not paid to CHFA. This federal income tax is due for the year in which the home is sold.
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www.chfainfo.com/homebuyer/About_my_CHFA-loan/Selling_m...
www.chfainfo.com/homebuyer/About_my_CHFA-loan/Selling_my_home/Recapture_tax.icm
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Definition for Recapture. ... Tax Prep ... Recapture; In some tax situations, you must add back to your income an amount you deducted in prior years. This is called recapture, and it may occur when you sell an asset or no longer use it primarily for business.
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moneycentral.msn.com/taxes/glossary/glossary.asp?TermID...
moneycentral.msn.com/taxes/glossary/glossary.asp?TermID=274
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Federal Recapture Tax; General Information on ; Federal Recapture Tax ... Under certain circumstances, CHFA loans may be subject to federal recapture tax (excluding Reverse Annuity Mortgage loans for the elderly with long-term care needs). The payment of federal recapture tax occurs at the time a borrower's property is...
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www.chfa.org/FirstHome/firsthome_FederalRecaptureTax.as...
www.chfa.org/FirstHome/firsthome_FederalRecaptureTax.asp
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Federal Recapture Tax Percentage; Based on Years of Ownership ... NOTE: Years 1- 9 above represent the year you sell your home. The percentage is multiplied by the amount of the original mortgage loan.
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www.chfa.org/FirstHome/firsthome_FederalRecaptureTaxPer...
www.chfa.org/FirstHome/firsthome_FederalRecaptureTaxPercent.htm
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Homebuyers that receive a loan through the First Time Homebuyer Program may be subject to a Federal Recapture Tax. If you:･ (1) sell your home within nine years; ･ (2) earn significantly more income than when you bought the home; and ･ (3...
http://www.tdhca.state.tx.us/homeownership/fthb/buyer_f...
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B ecause MSHDA loans are funded through the sale of tax-exempt bonds which benefits borrowers by lowering the loan interest rate, some borrowers are required to repay the government a portion of their gain upon the sale of their home within...
http://www.michigan.gov/mshda/0,1607,7-141-41341_42052-...
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The new tax law and real estate: Read how it may affect your rental property 's cash flow. ... In summary, make sure you take into consideration the potential depreciation recapture tax bite when performing your cash flow and rate-of-return analysis. When you have tax questions, always consult your tax advisor.
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www.landlordsoftware.com/recapture-tax.htm
www.landlordsoftware.com/recapture-tax.htm
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How much recapture will a homeowner have to pay? The most recapture tax a homeowner may have to pay (Maximum Recapture) will never be more than 6.25% times the original principal amount of the mortgage loan.
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www.state.nv.us/b&i/hd/single_family/recap.htm
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In summary, make sure you take into consideration the potential depreciation recapture tax bite when performing your cash flow and rate-of-return analysis. When you have tax questions, always consult your tax advisor.
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www.reidepot.com/articles/Rutherford/tax_trap.html
www.reidepot.com/articles/Rutherford/tax_trap.html
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