For Sellers
Mortgage Forgiveness Tax Relief Still in Effect
January 18, 2010 by Connie Herbert · Leave a Comment
A law enacted in 2008 relieves homeowners from paying taxes on mortgage debt that as been relieved through mortgage workouts, short sales, etc. This is in effect through 2012 and there is a specific for used to report this to the IRS. Read the IRS bulletin regarding tax relief.


