Tax Obligations Due To Debt Relief

A few weeks ago I posted information about the tax obligation that can be triggered by debt forgiveness and the surprise many homeowners receive when the 1099 arrives in the mail stemming from the short sale on their home back to the lender.

This weekend the Wall Street Journal published an article on that very topic, providing further detail on the taxes people can incur from walking away from their mortgages. Click here to access the article. *

*links to WSJ articles are usually good for a limited period of time.

1 comment :

tonylor said...

Thanks for the article.