WHEW! Fiscal Cliff Bandaid passed by Congress at 2am
Stay Tuned, but the Fiscal Cliff avoidance laws cobbled together over the New Years work session by Congress appears to include a one year reprieve to short selling home owners! For at least calendar year 2013, forgiven debt on a primary residence will be excluded from taxable income for sellers! Happy New Year! Look for the markets to rally today!
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