C
coa132435
Guest
What is the name of your state? Louisiana
I just built a house.Builder agreed to pay $1,500.00 toward buyer's closing cost. The day of closing Builder hands over a check for $1,500.00 payable to the Buyer not the Title Company. Buyer deposits the check in his checking account.
Does the buyer have to report this 1,500.00 as income on his Federal Tax Return?
if he does What part or form should he use?. Replies will be really appreciated
I just built a house.Builder agreed to pay $1,500.00 toward buyer's closing cost. The day of closing Builder hands over a check for $1,500.00 payable to the Buyer not the Title Company. Buyer deposits the check in his checking account.
Does the buyer have to report this 1,500.00 as income on his Federal Tax Return?
if he does What part or form should he use?. Replies will be really appreciated