short sales: The Official Word on Tax Liability for Short Sales - 08/20/08 04:46 PM
Here is the official clarification on the tax liabilities from the shortsale of a primary residence.
** Note that 2nd homes and investment properties are not exempt
 
http://www.irs.gov/irs/article/0,,id=179073,00.htm
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David Mordue - Mortgage Planning & Investing

Everett, WA

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