Florida is one of the few states where the tax credit to buy a house can be as high as $1 million.
I had to ask my agent to put me in touch with an expert in Florida who said it is possible to buy more than $1,000,000.
Here are some other questions I had.
Q: Is it legal to buy $1M worth of a house in FL?
A: Yes, it is.
I know of no one who hasn’t been contacted by a real estate agent asking for a $10 million home.
I’m sorry to be the bearer of bad news, but I’ve never seen such a story before.
The fact that this tax credit is so big that it’s going to be taxed as capital gains is going to make it difficult to sell the house.
The tax credit has been on the books for 25 years.
Q: Does this tax break apply to condos?
But there are certain exceptions to this rule.
If you are buying a condo as a separate transaction, you are not allowed to use the tax benefit.
The condo owner has to make the payment to the seller of the condo and that’s the end of the deal.
If it’s an individual sale, it would be a tax deduction on any payment received by the seller.
Is it a good idea to buy the house?
The market is so good right now that you could probably get away with it.
I bought my first house in 2003, and I still own my current home, which I bought at a loss of $300,000 in 2008.
I’d like to think that if I didn’t get this $1 Million, I could have made a nice living.
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