1099a: Short Sale Tax Consequences Require Tax Advice, Not Do-It-Your Self Income Taxes!!!
- 01/20/12 12:52 PM
Short Sale may be the best alternative if you cannot make your mortgage payments, or do not qualify for a modification or are just insolvent without resources. The Short Sale tax consequences need to be strategically planned in advance as they are a key consideration. Using Real Estate Agents and Tax Accountants to assist in making informed decisions could result in saving you thousands. The alternative may result in huge tax obligations that could have been resolved by some simple planning upfront. Mortgage Tax Relief Act of 2007 has exceptions and rules that must be followed in order to qualify for … (7 comments)
News for Roswell, Alpharetta, Canton, Johns Creek, Milton, Cumming, Duluth, Dunwoody, Marietta, Sandy Springs, Woodstock, Georgia about Neighborhoods and the GA Real Estate Market
Short Sale may be the best alternative if you cannot make your mortgage payments, or do not qualify for a modification or are just insolvent without resources. The Short Sale tax consequences need to be strategically planned in advance as they are a key consideration. Using Real Estate Agents and Tax Accountants to assist in making informed decisions could result in saving you thousands. The alternative may result in huge tax obligations that could have been resolved by some simple planning upfront.
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