Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Are there any tax consequences after a short sale?

consequences sale short tax
0
Posted

Are there any tax consequences after a short sale?

0

You will want to discuss this with the IRS or your accountant. Due to new tax rules seen here, Mortgage Forgiveness Debt Relief Act, your forgiven debt will not be recognized as a taxable gain.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.