Mortgage debt tax break expires, but likely to be extended

By Inman News Feed
Add Comment Add Comment | Comments: 0 | Posted Jan. 2, 2014

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As Jan.1 rolled around, Congress failed to extend a six-year-old federal law that said homeowners would not be liable for federal income tax on debt forgiven in a short sale or through a principal reduction. But bipartisan support and backing from ...

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