DOES A SHORT SALE REQUIRE YOU TO PAY MORE TAXES?!

DOES A SHORT SALE REQUIRE YOU TO PAY MORE TAXES?!

IF I DO A SHORT SALE, WILL I HAVE TO PAY ADDITIONAL TAXES?!

 

Short Sales can be a "win, win" situation for both buyers and sellers. Some sellers however, have addressed concerns about having to pay taxes on the amount that was forgiven by the mortgage holder.

Linda Holdredge, CPA for Hanna Holdredge & Associates who services clients in the Loveland, Berthoud, Ft. Collins, Johnstown, Greeley, Longmont and surrounding Northern Colorado areas wrote an amazing letter that explains the Debt Cancellation Income that is not taxable! 

CLICK HERE TO VIEW THE LETTER!

Syndication

Categories

Archives

y

Contact Information

Team Cook Real Estate Services
The Cottage Realty Ltd.
908 Mountain Avenue
Berthoud CO 80513
970-532-2695
Fax: 970-532-2699

"I have truly heard and seen first-hand that Cottage Realty is wonderful, exemplary, and a real asset to the economy of Northern Colorado. I will definitely keep Cottage Realty in mind as my first choice if and when I have real estate needs in the future. Again, thank you so much. I will also refer you to friends and family who need your services. Sincerely...Stacy"