In 2013, you may owe federal income taxes if you have a short sale, foreclosure
Posted by Brien Law Group
on Tuesday, 10 January 2012
in Short Sales
Brien Law Group
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January 04, 2012|
By Donna Gehrke-White, Sun Sentinel
Now is the time to make the hard decision: Are you going to walk away from your underwater home?
Uncle Sam is still giving homeowners until Dec. 31 to go through a short sale or foreclosure without tax consequences -- as long as the lender officially releases the debt.
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