"Stuart Bronstein" <spamtrap[at]lexregia.com> wrote
- quote -



Remember that you're paying (in the price of the house) for that car or trip
for 30 years (or however long the mortgage is). If there truly is a
car/trip incentive, talk the price down a couple of grand or more and let
them keep their car/trip.






--
Paul A. Thomas, CPA
Athens, Georgia

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removeps-groups[at]yahoo.com wrote:

- quote -

Depends. Who is giving the incentives? If it's your employer, they
are probably taxable. If it's the seller, they may well be considered
reductions in price and not taxable.

Stu

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<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >

Are incentives to buy a house taxable? They're offering things like 2
years HOA fees free, 6 months mortgage payments free (or paid by the
company), even cars and trips.

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<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >