Common use of Actual Recapture Tax Clause in Contracts

Actual Recapture Tax. The actual recapture tax, if any, can only be determined when you sell your single family residence, and is the lesser of (1) 50% of your gain on the sale of your single family residence, regardless of whether you have to include that gain in your income for federal income tax purposes, or (2) your recapture amount determined by multiplying the following three numbers: (i) $ [insert the actual dollar amount resulting from the product of % multiplied by the highest principal amount of the mortgage loan] (the maximum recapture tax, as described in paragraph B above), (ii) The holding period percentage, as listed in Column 1 in the Table, and (iii) The income percentage, as described in paragraph D below.

Actual Recapture Tax. The actual recapture tax, if any, can only be determined when you sell your single family residencehome, and is the lesser of (1) 50% of your gain on the sale of your single family residencehome, regardless of whether you have to include that gain in your income for federal income tax purposes, or (2) your recapture amount determined by multiplying the following three numbers: (i) $ [insert the actual dollar amount resulting from the product of 6.25% multiplied by the highest principal amount of the mortgage loan] (the maximum recapture tax, as described in paragraph B above), (ii) The holding period percentage, as listed in Column 1 in the Table, and (iii) The income percentage, as described in paragraph D below.

Actual Recapture Tax. The actual recapture tax, if any, can only be determined when you sell your single family residencehome, and is the lesser of (1) 50% of your gain on the sale of your single family residencehome, regardless of whether you have to include that gain in your income for federal income tax purposes, or (2) your recapture amount determined by multiplying the following three numbers: (i) $ [insert the actual dollar amount resulting from the product of 6.25% multiplied by the highest principal amount of the mortgage loan] (the maximum recapture tax, as described in paragraph B above), (ii) The holding period percentage, as listed in Column 1 in the attached Table, and (iii) The income percentage, as described in paragraph D below.

Actual Recapture Tax. The actual recapture tax, if any, can only be determined when you sell your single family residencehome, and is the lesser of (1) 50% of your gain on the sale of your single family residencehome, regardless of whether you have to include that gain in your income for federal income tax purposes, or (2) your recapture amount determined by multiplying the following three numbers: (i) $ [insert the actual dollar amount resulting from the product of 6.25% multiplied by the highest principal amount of the mortgage loan] (the maximum recapture tax, as described in paragraph B above), (ii) The holding period percentage, as listed in Column 1 in the attached Table, and (iii) The the income percentage, as described in paragraph D below.

Actual Recapture Tax. The actual recapture tax, if any, can only be determined when you sell your single family residencehome, and is the lesser of (1) 50% of your gain on the sale of your single family residencehome, regardless of whether you have to include that gain in your income for federal income tax purposes, or (2) your recapture amount determined by multiplying the following three numbers: (i) $ $________________ [insert the actual dollar amount resulting from the product of 6.25% multiplied by the highest principal amount of the mortgage loan] (the maximum recapture tax, as described in paragraph B above), (ii) The holding period percentage, as listed in Column 1 in the attached Table, and (iii) The income percentage, as described in paragraph D below.