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Double Whammy: Foreclosure and TaxesDouble Whammy: Foreclosure and TaxesBy Jerrold Stern2008-01-20T06:00:00Ztierra-grande
Taxes
Foreclosure has two possible tax consequences. Tax may be due as ordinary taxable income associated with the cancellation of debt or as taxable gain from the disposition of the asset.Digital and Print1842https://www.recenter.tamu.edu/articles/tierra-grande/double-whammy-foreclosure-and-taxes

 

 

Double Whammy: Foreclosure and TaxesDouble Whammy: Foreclosure and TaxesTaxes
GP0|#8d799110-d66f-49d4-93eb-1f2fd895a216;L0|#08d799110-d66f-49d4-93eb-1f2fd895a216|Stern;GTSet|#09a90ae9-5078-4623-b9a4-e3be6b49b0adtierra-grande
GP0|#66aba241-f608-4c7a-9b50-666e65ff5814;L0|#066aba241-f608-4c7a-9b50-666e65ff5814|foreclosure;GTSet|#57d56836-73e8-45f7-b61c-9193be1c0a6e;GP0|#0b08ec5e-3225-4428-8c2a-d57b955f7a87;L0|#00b08ec5e-3225-4428-8c2a-d57b955f7a87|tax;GP0|#27281028-71da-4599-8ccf-f9fe337a0262;L0|#027281028-71da-4599-8ccf-f9fe337a0262|income;GP0|#806edc49-ea43-4b3d-9c36-acbeb854e7b1;L0|#0806edc49-ea43-4b3d-9c36-acbeb854e7b1|IRS;GP0|#f37db01b-19be-4d44-be0c-a4147c04566d;L0|#0f37db01b-19be-4d44-be0c-a4147c04566d|bankruptcy;GP0|#2085f39d-e173-451b-911c-92ce5af9fa2c;L0|#02085f39d-e173-451b-911c-92ce5af9fa2c|recourse;GP0|#04586280-0d22-4999-b337-edf2982399dc;L0|#004586280-0d22-4999-b337-edf2982399dc|loan;GP0|#d4047d3e-a6ea-4199-bdd9-bafb13fb08f7;L0|#0d4047d3e-a6ea-4199-bdd9-bafb13fb08f7|nonrecourse

 

 

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