What is the name of your state? OHIO
I'm doing my tax return and I have a contract sales price of $15,100.00 and a renovator escrow amount of $16,950.00. Do I add both amounts together as the purchase price of the property? I plan to rehab and sell it. Would the answer be different if I kept it for rent. I consider myself real estate professional.
I'm doing my tax return and I have a contract sales price of $15,100.00 and a renovator escrow amount of $16,950.00. Do I add both amounts together as the purchase price of the property? I plan to rehab and sell it. Would the answer be different if I kept it for rent. I consider myself real estate professional.