Question
The purchase price of a property was 550,000. The buyer assumed the sellers existing loan of 350,000 and paid the balance in cash. The California
The purchase price of a property was 550,000. The buyer assumed the sellers existing loan of 350,000 and paid the balance in cash. The California documentary transfer tax is .55 for each $500.
What is the transfer tax paid on the transaction?
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
