TaxMamas TaxQuips: Tax Quips
HUD 1
February 01, 2011
Today TaxMama hears from Craig in the TaxQuips Forum, who asks. “Are items on a HUD-1 (seller’s side), Lines 510-519, deductible by the seller as taxes paid on Schedule A or are they adjustments to the basis?â€
Dear Craig,
Rita Lewis, EA in CT
Los Angeles, CA
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