David Saks: August 2009

Real Estate Practice : Lesson 295

                                                         business

The basis is the carbon copy of a mortgage document.

Is this fact true or false ?

Please remember to take your time. The solution is posted below the wildlife photo.

wildlifetheory

A. False

The basis is a figure which is used to calculate gain on the sale of real estate as required for federal income tax.

Earth

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0 comments • David Saks • August 27 2009 02:23AM
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