Re:Richmond’s rules: Why one California town is keeping Wall...
by Daniel_Newby on Sunday October 06, 2013 @12:33PM
(#6504529)
> buying someone's loan and tearing it up counts as a gift
Through 2013 forgiveness of the mortgage on the debtor's principal residence is not taxable. If the law is not extended, there will spring up an industry to do wash sales of property so that the capital loss can be taken at the same time as the forgiveness.
Through 2013 forgiveness of the mortgage on the debtor's principal residence is not taxable. If the law is not extended, there will spring up an industry to do wash sales of property so that the capital loss can be taken at the same time as the forgiveness.