I have a short sale almost complete.  Husband lives in the house, wife has not lived there is about 7 years.  She will have tax consequences, right?

Tracy Gibson

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Taxes can be complicated. Is she a borrower on the note? Has she been claiming it as an investment property last couple years? If she financially solvent or insolvent?

She should speak to a CPA.

[email protected]

310-564-6389

www.ishortsalenow.com

Thanks.

I agree with Brett, I always advise clients to speak with a tax professional and an attorney prior to close of the transaction

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