B-188716: Jul 6, 1977

WHERE SETTLEMENT FOR PURCHASE OF PROPERTY AND EXECUTION OF MORTGAGE ON THAT PROPERTY THREE MONTHS LATER ARE TO BE TREATED AS HAVING OCCURRED SIMULTANEOUSLY FOR PURPOSES OF REAL ESTATE EXPENSE REIMBURSEMENT. RIDEOUTTE - REAL ESTATE EXPENSES - MORTGAGE EXECUTED AFTER SETTLEMENT: THIS ACTION IS IN RESPONSE TO A REQUEST FOR AN ADVANCE DECISION DATED AUGUST 27. SETTLEMENT ON THE SALE TRANSACTION WAS IN...

B-188716: Jul 6, 1977

An Authorized Certifying Officer of the Mid-Atlantic Region of the Internal Revenue Service (IRS), requested an advance decision with regard to the claim of an IRS employee for expenses incurred in the purchase of a residence incident to a transfer of official duty station. The employee, who obtained a personal loan in order to purchase a new residence pending receipt of proceeds from the sale of...