Moving to Marana ~ Kate & Tina

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  • Tax Liability from Short Sales

    Did you know –  Loan forgiveness after a short sale can result in tax liability for the seller? The IRS recognizes four situations that will not result in tax liability for the seller, these are:     When seller receives a bankruptcy discharge and the deficiency is included in the bankruptcy     ...
    Posted to Moving to Marana (Weblog) by 213761 on December 15, 2007