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Short Sale and the 1031 Exchange

Posted by Krystal Lee Whaley on May 2, 2012 at 11:01am

Cannot seem to get a direct answer on this. Anyone done one of these?

If a client bought a home through a 1031 exchange a few years ago and is now short selling the home.....Are they still eligible to use the Mortgage Debt Relief Act and get out of the Income Taxes on the deficiency?

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