Are incentives to buy a house taxable? They're offering things like 2 years HOA fees free, 6 months mortgage payments free (or paid by the company), even cars and trips.
- posted
16 years ago
are incentives to buy a house taxable?
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- posted
16 years ago
Depends. Who is giving the incentives? If it's your employer, they are probably taxable. If it's the seller, they may well be considered reductions in price and not taxable.
Stu
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- posted
16 years ago
Remember that you're paying (in the price of the house) for that car or trip for 30 years (or however long the mortgage is). If there truly is a car/trip incentive, talk the price down a couple of grand or more and let them keep their car/trip.