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Will I Have to Pay Taxes After a Short Sale?
The concern of some homeowners looking to do a short sale that a 1099 issued from the bank will expose them to a new problem, namely a huge income tax bill on the forgiven debt, is understandable. With...
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Mortgage Forgiveness Debt Relief Law Extended
Good news. According to reliable sources, the late night deal to avert the fiscal cliff included an extension of the 2007 Mortgage Forgiveness Debt Relief Act which was to expire at midnight last...
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