Archive for November, 2013

Thursday, November 21st, 2013 at 10:46am

IRS Affirms Most CA Short Sales Are Not Taxable

By a letter released November 15, 2013 the IRS has confirmed that most recent (and future) California short sales will not generate taxable cancellation of debt income. While this letter was issued in the context of short sales occurring after 2013 the reasoning applies to many short sales all the way back to January 1, […]

© 2010-2013 California Short Sale Lawyer™: Attorney Ron Ballard's blog about California short sale laws and procedures