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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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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The purpose of recapturing is to prevent individuals from benefiting from tax advantages that are no longer applicable or have been reduced.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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Recapture6-17doc is a document used to recapture excess depreciation deductions claimed in previous tax years.
Taxpayers who have claimed excess depreciation deductions and need to recapture them are required to file 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.
The purpose of recapture6-17doc is to calculate and report the recapture amount of excess depreciation deductions previously claimed.
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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