Short Sale and the IRS

James Edward Schroeder III

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Real Estate Attorney

Contributor Level 13

Posted about 1 year ago. 1 helpful vote


Will I owe taxes to the IRS if I do a Short Sale?

You will likely get a 1099 for the transaction but there is an exemption for homeowners who sell their principle residence - until the end of 2013.

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South Jersey Short Sale Attorney

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