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IRS Publication 4681: Canceled Debts, Foreclosures, Reposessions & Abandonments

By r morris

Those who are trying to figure out how to handle the tax ramifications of a cancellation of debt on a short sale, foreclosure sale, loan modification, or any other debt cancellation might want to consult IRS Publication 4681: Canceled Debts, Foreclosures, Reposessions and Abandonments.While this publication indicates that it is for use in preparing 2007 tax returns (as opposed to 2008 returns),

Full post as published by The Home Equity Theft Reporter on March 31, 2009 (boomark / email).