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My home was located in New Orleans, under 7 feet of water. Road Home LA gave me a low income Affordable Compensation Loan of $50,000. I received a check for 19,130 and the difference went to the SBA loan - It...
If you took a loss on your 2005 tax return and then receive a very large Road Home Grant, do you have to pay taxes only on the amount you claimed as a loss? Example: Claimed $5,000 in property loss. Received...
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