No wonder our legislators and President are suffering such low approval ratings right now – with just 2 days to spare, they have finally re-enacted the Mortgage Debt Forgiveness Relief provisions which keep Short Selling home occupants from facing stiff taxes on phantom income. Unfortunately, 2015 is upon us and once again the collection of…
Home » Short sale tax break passes in House Lending / The Ticker Short sale tax break passes in House Now on to the Senate Ben Lane December 5, 2014 6:30PM 2 Comments CongressHouse of Representativesmortgage debtSenateShort saletax break Email Print Reprints Share on facebookShare on twitterShare on linkedin More AAA Related Articles Short sale…
The bad news: It is nearly two months into 2014 and Congress has not extended the Mortgage Debt Relief Act. (MDRA) The good news: There are still more than 10 months remaining before any taxes may be due for short selling homeowners who close in 2014. If you were a betting person: One of our…
