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How can a borrower determine if they will have to pay a recapture tax?

April 26, 2017borrower determine pay recapture tax

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How can a borrower determine if they will have to pay a recapture tax?

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There is no way to predict the exact recapture tax liability, if any, since it is based upon the situation when the home is sold. At any time, it will depend on income, family size, and the amount of net profit realized from the sale of the home.