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What recapture-tax exposure should an SD Housing buyer consider before an early sale?

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Dakota State University

The FAQ ties possible recapture to a gain,increased household income and sale within nine years. It says qualifying first-time loans closed on or after August15,2006 may receive reimbursement of actual IRS recapture tax paid,subject to terms;a written request is due by July15 of the following calendar year. This is not a personal tax calculation.

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