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I sold land that was ltcg-I hold the mortgage which is interest only-this is the $1800.?

Written By: admin on July 18, 2009 No Comment

When i sold the land-the buyer place down 20% which I paid huge buck taxes on. Now it’s interest only mortgage (divided among my siblings) This year the 78 in interest money is my only income and I want to know do I have to file a tax return for so small?

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