title>Tax Guru-Ker$tetter Letter Wizard Animation

                 

Tax Guru-Ker$tetter Letter
Thursday, August 23, 2007
 

Foreclosure's other shoe: a big tax bill – Nothing new here.  Debt relief has always been considered income.  I don’t see this as that big a deal because I’m sure many of the people who have gains from foreclosures will also have qualifying unforeseen circumstances that allow the prorated tax free exclusion of gain under Section 121.


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