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Form 8825 Lakewood Colorado: What You Should Know
The tax returns will be attached to the grant application. The loan is based on property tax relief and the principal is not subject to federal or state income tax or property tax. Note that the loan is not interest-only nor do we pay income tax on the loan. Also note that the grant will not be taxable income unless the taxpayer elects to have his gross income or loss treated as a negative income tax in the manner described in this solicitation. It is our policy to not make any additional payments with respect to the grant to the granter's principal for purposes of disbursing the loan, even if it is a portion of the principal. In other words, we treat the loan and the grant as a single investment in terms of any tax deductions, such as AMT or other tax relief mechanisms.
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