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Is recapture tax due if the borrower dies within the nine-year period?

April 26, 2017borrower period recapture tax

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Is recapture tax due if the borrower dies within the nine-year period?

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No. If the deceased borrower is the sole owner of the home, no recapture tax will be due. If, however, the home is owned jointly with a spouse or other person, he or she may be responsible for paying the recapture tax if the home is sold during the first nine years of ownership.