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loss on sale

Is Your Transferee Still Underwater?

A month ago, we released an EBook all about Generation X. While we discussed several of the traits and values of this generation, we also covered some of the specific challenges Gen X may have when it comes to relocation. One of the points that stuck out most to me was the fact that Gen X took the brunt of the economic downturn on the chin and, today, they are still working to stand back up. Most of Gen X angst has to do with the housing market so, today, I wanted to share some information about what to do if your Gen X transferee is still underwater on their home.   

Relocation Q&A: Loss on Sale with a Capital Improvement Twist

One of the things I love about writing for this blog is that I get to answer relocation questions that people have, in real time. A few months ago, in response to one of our posts about loss on sale policies, a transferee stopped by to ask us a great question about the relationship between capital improvements and loss on sale. Interestingly enough, his timing was impeccable. His question, which I will share after the jump, is one that many transferees are facing today. Relocation managers should be aware of this issue moving forward, as I anticipate most managers with a home sale program will realize similar circumstances among their own transferee base.

Home Buyer Tax Credit a Complicated Issue for Relocating Employees

David Oltman Relocation Tax Expert

David Oltman

Relocating employees and their employers are facing a tricky tax issue as a result of the home buyer’s tax credit.  From April 2008 to June 2010 first time home buyers and non-first time home buyers were able to take advantage of tax credits of up to $8,000 and $6,500, respectively. Surely, a number of employees purchased homes for this reason and likely claimed the credits on that current year’s 1040 tax form (and IRS Form 5405) without thinking much of it.

It’s Time to Get Creative with Loss on Sale Policies, Don’t You Think?

Not be a Debbie Downer, but we may need to think differently about long term relocation benefits as it’s unlikely that the housing market will rebound soon. Sure, there have been some signs of improvement, but the reality is that high unemployment, tight credit, foreclosures and shadow inventory are going to stand in the way of real growth for the next few years. But, that doesn’t mean we can, or should, stick our heads in the sand. Corporations still have a need to relocate talent and if we don’t change our way of thinking about relocation benefits, employees may not agree to relocate.


VP, Client Services

VP of Business Development Northeast Region


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