Posts Tagged ‘avoid short sale tax’
Another Way to Avoid Federal Taxation on Short Sales
Are you thinking about short selling your home, but worry about possible tax consequences if it does not close by December 31 (the end of homeowner tax relief under the Mortgage Forgiveness Debt Relief Act)? You may be in luck, even if the Act is not extended. The Mortgage Forgiveness Debt Relief Act (MFDRA), which…
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