taxes
Date: Sun, 10/07/2012 - 13:14
taxes
would i have to pay taxes if i shortsale a property if i took money out 4 years ago.
You may visit this link to know more about this issue: "http://w
You may visit this link to know more about this issue:
"http://www.trulia.com/voices/Home_Selling/if_i_shortsale_my_home_will_i_have_to_pay_taxes_on-327311"
Quote:if i took money out 4 years ago You mean you took out an
Quote:
if i took money out 4 years ago |
You mean you took out an equity loan?
You may have to pay income tax after short sale. However, much w
You may have to pay income tax after short sale. However, much will depend upon the type of mortgage (recourse or non-recourse) you have now.