Does anyone know about the tax liability for the amount of money the bank forgives on a foreclosure?
I heard that after 12/31/2012, the IRS can tax that loan forgiveness amount as income.

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YouWalkAway Questions & Answers

asked by Steve C. on 11/28/11

1 Answer

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Cathi W. · Answer 1 · 2011-08-05T03:32Z

Cathi W.

on 8/5/11

I would like to remove my review.

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