Tag: short sale tax implications in california

Jul 12

Short Sale Tax Implications

debtfreedomination.com

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What are the tax implications of a short sale on a house?

boldbs wrong. There is something called a short sale in a house is not like the short selling of securities. It is when you owe the bank more money and leave. Debt relief is recognized as income. ie, if the bank forgives $ 5,000 in debt, the IRS considered income to you.

Tax Implications of a Short Sale

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