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Tax implications of selling a house below market value
Selling a home below its fair market value can trigger tax considerations that go beyond a standard real estate transaction. When a property is sold at a discount, the IRS may treat part of the ...
A home’s fair market value is, essentially, the price that a buyer would pay a seller for it on the open market. Many factors go into determining fair market value, including location, size, age, ...
Fair Market Value is the unbiased price at which assets are exchanged between informed, unpressured buyers and sellers in an open market. Fair Market Value (FMV) refers to the price at which any ...
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