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Large check on sale of house

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Money Talk > Real Estate

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pepperstar
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Cash: $ 0.25

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Joined: 10 Jun 2009
Location: Montgomery, Alabama
Large check on sale of house  Reply with quote  

I sold a house today and received a good size check. A tax advisor told me not to deposit it but cash it. This way the IRS don't take everything especially if you have people to pay off such as repairs, etc. Is this true? Won't I still have to claim it on taxes next year?
Post Wed Jun 10, 2009 9:24 pm
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