Notice to Borrower: Recapture Tax
Jul 14, 2020 · Certain families qualify for a reduction or waiver of the "recapture" tax. If in the taxable year the home is disposed of, your "modified adjusted gross income" is less than the following applicable amounts, the "recapture" tax is waived. The "recapture" tax is partially reduced for incomes within $5,000 above these amounts (Example on page 4). ................
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