Legal Question in Real Estate Law in New York

i'm selling a option to purchase a piece of property, $20,000. it is my belief, its at my option to report the $20,000 to the IRS for tax purposes,.... when i receive/sell the option or when option is excerised ..am i correct


Asked on 9/25/10, 4:42 am

1 Answer from Attorneys
Kristen Browde Browde Law, P.C.

No, you are not correct.

Read more
Answered on 9/30/10, 6:07 am


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