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Updated over 17 years ago on . Most recent reply

Jon Jaffe's profile image
Jon Jaffe's profile image
Jon Jaffe
  • Investor
  • from Annandale, NJ
  • Member since Feb 27, 2008

User Stats

8
Posts
1
Votes
Jon Jaffe's profile image
Jon Jaffe's profile image
Jon Jaffe
  • Investor
  • from Annandale, NJ
  • Member since Feb 27, 2008
Jon Jaffe
  • Investor
  • Annandale, NJ
1
Votes |
8
Posts
Tax Liens & Mortgage Notes

Tax treatment of bad paper

Jon Jaffe
  • Investor
  • Annandale, NJ
Posted

I was involved in a short sale last year that didn't go through. I bought the 2nd mortgage of 20K for 2 K, then the house was foreclosed upon. Can I report the 20K loss on my tax return?

thanks for your advice

jj

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