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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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
You need to be a member of Short Sale Superstars to add comments!
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I agree with Brett, I always advise clients to speak with a tax professional and an attorney prior to close of the transaction
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.
Brett@ishortsalenow.com
310-564-6389
www.ishortsalenow.com
Thanks.