Short sales and taxes....

Real Estate Agent with exp realty of California, Inc. DRE 01489731

After attending several webinars, classes, seminars and research on the internet. The answer is simple when it comes to short sale and taxes.....see a professional! Each taxpayer has such unique and specific tax profiles that it is impossible to give out a direct answer. The one thing is for sure: the IRS does not distinguish between a short sale, foreclosure, forbearance, short pay refi or loan modification. You can never escape the IRS.

Shannon Coe

Keller Williams

Short Sale Specialist

Comments (1)

Lola Audu
Lola Audu~Audu Real Estate~Grand Rapids, MI Real Estate - Grand Rapids, MI
Audu Real Estate~Grand Rapids, MI ~Welcome Home!

Shannon, good advise.  As real estate agents, we should always encourage clients to seek out expertise in appropriate areas.  Our financial world has become infinitely more complex.

May 13, 2010 08:51 AM