California Short Sale Tax Stand-Off
The short-sale debate in California continues to evolve. The Ventura County Star reports that The Senate today sent to Gov. Arnold Schwarzenegger a bill that would eliminate huge state income-tax bills faced by people who sold their homes in short sales last year, only to discover that they owed taxes on the amount of their loans that was forgiven in the sale.
Read full story here: http://www.vcstar.com/news/2010/mar/11/senate-tries-again-with-revised-bill-to-short/
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