mortgage debt

Ten Facts about Mortgage Debt Forgiveness

By Admin on April 9, 2010

If your mortgage debt is partly or entirely forgiven during tax years 2007 through 2012, you may be able to claim special tax relief and exclude the debt forgiven from your income. Here are 10 facts the IRS wants you to know about Mortgage Debt Forgiveness.

Posted in Tax News | Tagged 1099-C, 982, Form, mortgage debt, mortgage debt forgiveness, Reduction of Tax Attributes Due to Discharge of Indebtedness