Search Help

Enter one of more keywords to search. Use quotes for “exact phrase.” Note that '*' and '?' wildcards are supported.

When your search results appear, you can refine your search further: Sort for only results in which all search terms appear AND/OR sort by chronological order.

Article Date:
December 2006

Word Count:



Home Ownership Denied

In 1995, Thomas Jones rented a house from Robert Peterson. In 1996, Peterson granted Jones an option to purchase the house. Under the terms of this option, Jones paid a $5,000 initial option fee and agreed to



pay more rent (rent now equaled what Peterson paid on the mortgage);


pay the property taxes on the house;


repair the roof;


make another option payment of $5,000 before 2002; and


pay off the existing mortgage on the property.

In 2000, both Peterson and Jones deducted the mortgage interest ... Log in to view full article.

Already a subscriber?
Email Address

You’ll be able to read the full article and get instant access to the last few issues of the Tax Reduction Letter
Not yet a subscriber?
with a money-back guarantee

Powered by Cranium Softworks - CMS, Subscription Mgmt & Web Development