Posts Tagged ‘consequences’
Tax breaks on short sales
Posted by admin in US Tax Questions on August 26th, 2010
www-myoffers.com Suzie Orman talks about tax relief you are entitled to when you sale through a short sale. In the video it is discusses that you do not owe income tax of the loan forgiveness from a primary home bought or improved between the 1st of January 2007 and the 31st of December 2009. She also talks about private mortgage insurance that is paid by those earning under a hundred thousand a year income, this private mortgage insurance is tax deductable. And many more tax breaks are covered. For information on short sales and avoiding foreclosure look at your options at www-myoffers.com