As tax season approaches, and more importantly, the expiration of the Mortgage Debt Relief Act of 2007, it is important to review the tax consequences following a short sale. In general, the IRS will treat any canceled debt, such as forgiveness of a mortgage loan, as taxable income. Thus, if you live in a recourse […]
About Andrew Coppo
Andrew Coppo of Greater Boston Short Sales, LLC, is Massachusetts' leading short sale negotiator. GBSS assists buyers, sellers, real estate agents and attorneys with getting their short sales approved.
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