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Taxation of Short Sales and Foreclosures

In this Analysis, Mark S. Ericsson discusses the tax consequences of a divestiture of property through a short sale (in which the lender agrees to take less than the loan balance), foreclosure, or deed in lieu of foreclosure. He writes: The focus of any inquiry as to the tax consequences is how...

Taxation of Short Sales and Foreclosures

In this Analysis, Mark S. Ericsson discusses the tax consequences of a divestiture of property through a short sale (in which the lender agrees to take less than the loan balance), foreclosure, or deed in lieu of foreclosure. He writes: The focus of any inquiry as to the tax consequences is how...