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Mortgage Forgiveness Debt Relief Act of 2007

The IRS on Shorts Sales, Foreclosures and Debt Forgiveness

by Moe Bedard

He said, she said and then the IRS said. Who are you going to listen to?
From the The IRS on Shorts Sales, Foreclosures and Debt Forgiveness
Update Feb. 4, 2008 — The Mortgage Forgiveness Debt Relief Act of 2007 generally allows taxpayers to exclude income from the discharge of debt on their [...]

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