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Get NY DTF IT-2663-I 2018

Not excluded under IRC section 121 because the gain exceeds the amount of the exclusion provided for in that section. The transferor/seller is a mortgagor conveying the mortgaged property to a mortgagee in foreclosure or in lieu of foreclosure with no additional consideration (Tax Law section 663(c)(2)). The transferor or transferee is an agency or authority of the United States of America, an agency or authority of the state of New York, the Federal National Mortgage Association, t.

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