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Tax Break for Home Short Sellers at Risk

2015-12-14 15:38:00| Real Estate - Topix.net

Last-minute negotiations in Washington have left real-estate agents and sellers nervous about the possibility that distressed homeowners could receive an unwelcome tax hit. Congress has yet to reach an agreement to extend a tax break that forgives taxes on owners who sell their home for less the remaining mortgage balance in what is known as a short sale.

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