Why are taxes different in a Nonrecourse Loan?
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tam
Apprentice
Joined: 06 Sep 2007
Posts: 1
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 Posted: 10/14/08 - 06:14 Post subject: |
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| Hello, I was wondering if you could explain me something about nonrecoursed loans. I have no idea how poor my knowledge about these loans is. So I could use every help I can get. What are taxes different in a Nonrecourse Loan? Can you help poor ignorant? I appreciate every your comment. |
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wyn
Apprentice
Joined: 07 Nov 2006
Posts: 1
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| Posted: 10/22/08 - 12:54 Post subject: |
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| Hi, I am little bit embarrass but I need to admit that this is the first time I have learned that taxes are different in nonrecourse loans. Honestly I had no idea that this is true. I guess that shows how much I know about this matter. I can only recommend you that you speak with someone who has experience with this matter. |
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marchall
Apprentice
Joined: 17 Apr 2007
Posts: 1
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| Posted: 10/30/08 - 19:35 Post subject: |
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| I know that there is a huge different with taxes in a nonreocrse loan with the taxes in a different types of loans. But, unfortunately I cannot explain this matter to you. I do not have enough knowledge to give the right explanation, and I o not want to make the situation even worse with giving you poor one. |
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meredithe
Apprentice
Joined: 03 Apr 2008
Posts: 3
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| Posted: 11/08/08 - 02:15 Post subject: |
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| I think that the main reason why taxes are different in nonrecoursed loan is the fact that when you apply for this loan you as a loaner have no personal liability. I think that this fact has the biggest influence on tax matter. Still, I agree that the bets thing you can do is to speak with an expert. |
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