Tax Implications of a Short Sale

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When a Short Sale occurs, there is usually a difference between the amount the lender took in the sale and the amount that was owed, this may be a taxable event for the seller.

Now... a bit of a disclaimer, please note that I said "may". I am not a tax attorney, nor a tax accountant. Nothing should be construed as legal or tax advice. I can simply share with you my personal experiences.

There is a Man named Bob Massey who gives a good explanation of this on Youtube.  You can Click Here to check it out.

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Tony Severino

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