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SUBSIDY RECAPTURE TAX DISCLOSURE NOTICE
Homeownership Division
SON 58272 Rev. 06/17NOTICE OF POTENTIAL RECAPTURE TAX ON SALE OF HOME
Because you are receiving a mortgage loan from the proceeds on
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Who needs recapture6-17doc?
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Recapture6-17doc is needed by individuals or entities who are required to recapture certain tax benefits they have previously claimed.
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This typically applies to those who have claimed tax credits or deductions that have been retroactively changed or modified by new tax laws or regulations.
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The purpose of recapturing is to prevent individuals from benefiting from tax advantages that are no longer applicable or have been reduced.
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Therefore, anyone who has been notified or made aware of the need to recapture certain tax benefits should use the recapture6-17doc to fulfill their obligations.
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It is advisable to consult a tax professional or the relevant tax authority for specific guidance on whether you need to fill out this form.
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What is recapture6-17doc?
Recapture6-17doc is a document used to recapture excess depreciation deductions claimed in previous tax years.
Who is required to file recapture6-17doc?
Taxpayers who have claimed excess depreciation deductions and need to recapture them are required to file recapture6-17doc.
How to fill out recapture6-17doc?
Recapture6-17doc should be filled out by providing details of the excess depreciation deductions claimed, the tax year in which they were claimed, and the recapture amount.
What is the purpose of recapture6-17doc?
The purpose of recapture6-17doc is to calculate and report the recapture amount of excess depreciation deductions previously claimed.
What information must be reported on recapture6-17doc?
The information that must be reported on recapture6-17doc includes details of the excess depreciation deductions claimed, the tax year in which they were claimed, and the recapture amount.
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