What are tax implications on a short sale
Firstly,we can see the example of What are tax implications on a short sale?
I sold my house short after a bad divorce. Just got a 1099-C Cancellation of Debt from the mortgage company that list:
1. amount of canceled debt: 538,623
2. date canceled
3. interest: 90,002
4. fair market value: [...]
Posts Tagged ‘Tax implications’
Tax Implications On A Short Sale
Tax implications Refinance Mortgage
What are the tax implications for the mortgage payment.
I would love to sell the house, but don’t think it is doable with current market. Also, 1 house has been on sale for 6 months with only 1 interested person. There are 4 houses that are lease houses, not sure the $$ for each to lease. [...]