Tip - Taxation of abandonments, foreclosures and repossessions

Published  | Submitted by Carol Masih
Taxation of abandonments, foreclosures and repossessions

Many taxpayers in the current economy have had trouble paying mortgages, car notes and other debts. Some are forced to abandon property, go through foreclosures or have property repossessed. While such measures may alleviate the financial burden on these taxpayers, the tax consequences often are overlooked. When property that secures

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Posted: 9 years, 4 month(s) ago

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