Friday, January 13, 2012

Tax Changes Coming Could Affect Sales in SW Florida

Did you know that beginning January 1, 2013 the IRS will begin taxing forgiven debt on short sales and foreclosures as taxable income?  They will.  This is how it used to be, but in 2007 the Mortgage Relief Act alleviated this for sales of primary residences.

Read all about it at Important Tax News Could Save You Thousands

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1 comment:

Alex P. said...

Did the price change took effect already? How did it affected the housing market and value in the state?

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