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behaviorkelton

He wants to trade houses (with boot, too)

behaviorkelton
13 years ago

So my neighbor wants to trade one of his houses for my house.

His house is nicer than mine in a variety of ways. He plans to rent my house.

I would give him my house and maybe $40,000.

We are wondering how this works when it comes to tax time... and/or how this type of deal can be made at all! Neither he nor I have ever done this sort of thing.

No financing would be involved.

Any ideas?

Thanks

Kelton

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