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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] When received.. Posted by Ward-CA- on August 12, 2003 at 7:30 PM In Reply to: Is gain taxable. posted by frankCA on August 12, 2003 at 9:53 AM : Hi Ward : Do you know if the gain in the purchase of a discounted loan or judgement is income taxable in the year of the purchase????? Such as the unpaid balance less the discounted purchase price equals gain. =-=-=-=-=-=-=-= The tax on the gain is due in the year the gain is received. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : Hi Ward : : Do you know if the gain in the purchase of a discounted loan or judgement is income taxable in the year of the purchase????? Such as the unpaid balance less the discounted purchase price equals gain. : =-=-=-=-=-=-=-= : The tax on the gain is due in the year the gain is received. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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