Legal Question in Real Estate Law in New York
I live in nyc i had to houses under my name that went into foreclosure in 2007. i need to file taxes. will these houses affect my taxes?
Asked on 1/11/13, 8:49 am
1 Answer from Attorneys
Arnold Nager
Arnold H. Nager, Esquire
The IRS may take the position that the amount due on the mortgages you were relieved of paying is income to you.
Answered on 1/11/13, 10:20 am
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