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A Few Instances Where You May Owe Income Taxes After A Northeast OH Short Sale

Northeast OH – The Mortgage Forgiveness Debt Relief Act of 2007 allows most people to short sale their home and not owe any income taxes on the forgiven debt.

However, there are a few situations where a homeowner may still owe taxes after a short sale.

Click here to discover how other sellers successfully . . . → Read More: A Few Instances Where You May Owe Income Taxes After A Northeast OH Short Sale

Northeast Ohio Short Sales: Will I Owe Income Tax After A Short Sale?

Northeast OH – This is one of the first questions potential short sale sellers ask us. “I heard of something called “forgiveness of debt income and that it is taxable. How does that work?” they ask.

The following article is my personal opinion only. I recommend that you consult with a competent legal or . . . → Read More: Northeast Ohio Short Sales: Will A Short Sale Cost Me At Tax Time?