Tax treatment of properties taken subject 2

General Real Estate Investing
1

If an owner deeds me a property taken sub2, does the equity that the owner is giving up become a taxable loss for them? Could this be used a way to convince a homeowner that a sub2 would be a good deal for them?

2

What?

3

gpre,

Glad to meet you,

Only if the seller moving out of the house wants a small 6x8 room for about 2-3 years to live in.

John $Cash$ Locke

4

Thanks John :smile