LOSE PROPERTY IN FORECLOSURE AND OWE CAPITAL GAIN TAXES

By
Commercial Real Estate Agent with Asset Preservation, Inc.

Given the challenging conditions in the real estate market, some taxpayers may

be faced with the prospect of foreclosure or a short sale arrangement with their

lender. Taxpayers in this situation have a multitude of concerns ranging from a

deteriorating credit rating to loss of their equity. Unfortunately, the taxpayer

may have a significant tax liability that arises out of foreclosure or short sale. Please click on the link

below to read more...

 

http://www.apiexchange.com/articles/pdf/Forclosures%20(114).pdf

 

 

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