Short Sales, Non-Recourse Loans and Tax Forgiveness

Is the short amount in a short sale taxable?

According to the IRS it can depend on state law.

This article from Calculated Risk has the details in the IRS own words.

Short Sales, Non-Recourse Loans and Tax Forgiveness.

Jacob Wagner (18 Posts)

Jacob Wagner is a life-long educator and certified geek. He has a passion for helping people break free from the slavery of fear for the next paycheck. Jacob is the editor of Real Investing Experts .com.