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Tax question.
Posted: September 11th, 2008, 11:40 am
by Hellbear
Does anyone know if they can tax an appartment security deposit return?
Re: Tax question.
Posted: September 11th, 2008, 1:34 pm
by eyesky2002
Hellbear wrote:Does anyone know if they can tax an appartment security deposit return?
It was a deposit, not a sale or taxable service, so I would say no???
I think they are reaching and hoping you just take it, counter them with a bill for interest
Posted: September 11th, 2008, 1:49 pm
by Hellbear
It's not for me luckily.
I got a hold of an attorney near here and he is looking into it. Thanks for the info though.
Posted: September 11th, 2008, 2:34 pm
by dannygraves
I don't think so, if its a return, that is just income that was already taxed being returned...
Posted: September 11th, 2008, 7:00 pm
by iggys-amsoil
I'd say NO because there was no profit or gain in the transaction.
Posted: September 11th, 2008, 8:02 pm
by sabreguy
I would say no also