As always please call your CPA/Accountant or the IRS for detailed info. about your specific situation.  Here is the IRS publication that deals with cancelled debt.  One of the key things distressed sellers may want to look into is insolvency.

IRS for 4681 re: Cancelled Debt

Please contact me if you are a Broward county Florida resident who has questions about short sales.

E-mail me when people leave their comments –

You need to be a member of Short Sale Superstars to add comments!

Join Short Sale Superstars

Blog Topics by Tags

Monthly Archives

********************************** like buttons ************************