Gregory S. asked

⚖️  Law

Can a shareholder in a coop housing corporation pay off an underlying mortgage to offset income taxes in the year the pay-off occurred, or does it have tax implications related to capital gains on the sale of shares in the coop property?

August 6th, 2024

Jack F. answered

Paying off a mortgage is not a taxable event for the shareholder and does not provide a deduction fr...

August 6th, 2024

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