Comments on: Income Tax Myths http://leaningstraightup.com/2007/08/28/income-tax-myths/ Fri, 09 Jan 2009 03:25:46 +0000 http://wordpress.org/?v=2.7 hourly 1 By: Top Real Estate Blog and Tips of Selling Home from Real Estate Guru Who Sells Home Like Crazy http://leaningstraightup.com/2007/08/28/income-tax-myths/comment-page-1/#comment-105538 Top Real Estate Blog and Tips of Selling Home from Real Estate Guru Who Sells Home Like Crazy Sat, 23 Feb 2008 03:20:48 +0000 http://leaningstraightup.com/2007/08/28/income-tax-myths/#comment-105538 <strong>Tax Consequence for the Borrower from Foreclosure Proceedings...</strong> What is the income tax consequence for the borrower from a short sale or deed in lieu? This is a question frequently asked by borrowers facing foreclosure. Income tax may be imposed for a cancellation of a debt (“COD”) before Bush signed Foreclosur... Tax Consequence for the Borrower from Foreclosure Proceedings…

What is the income tax consequence for the borrower from a short sale or deed in lieu? This is a question frequently asked by borrowers facing foreclosure. Income tax may be imposed for a cancellation of a debt (“COD”) before Bush signed Foreclosur…

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