Comments on: Is foreclosure debt relief still taxed or not? http://www.debt--relief--blog.com/uncategorized/is-foreclosure-debt-relief-still-taxed-or-not Blog topics covering all forms of debt relief Tue, 22 May 2012 14:46:10 +0000 http://wordpress.org/?v=2.7 hourly 1 By: spicertax http://www.debt--relief--blog.com/uncategorized/is-foreclosure-debt-relief-still-taxed-or-not/comment-page-1#comment-15 spicertax Tue, 09 Sep 2008 15:10:41 +0000 http://debt--relief--blog.com/united-states/is-foreclosure-debt-relief-still-taxed-or-not/#comment-15 See this link. See this link.

]]> By: patrick http://www.debt--relief--blog.com/uncategorized/is-foreclosure-debt-relief-still-taxed-or-not/comment-page-1#comment-14 patrick Mon, 08 Sep 2008 08:24:59 +0000 http://debt--relief--blog.com/united-states/is-foreclosure-debt-relief-still-taxed-or-not/#comment-14 Mortgage foreclosure is still considered to be taxable by the IRS. Mortgage foreclosure is still considered to be taxable by the IRS.

]]> By: v b http://www.debt--relief--blog.com/uncategorized/is-foreclosure-debt-relief-still-taxed-or-not/comment-page-1#comment-13 v b Sat, 06 Sep 2008 01:06:26 +0000 http://debt--relief--blog.com/united-states/is-foreclosure-debt-relief-still-taxed-or-not/#comment-13 It passed. Criteria: Cancelled in 2007,8,9 only. Taxpayer not in bankruptcy. Lived in/Owned it for 2 years as main home. Debt less than $2Million. Money was only from buying, building or improving home. (No cashouts). Any money not included in income is deducted from basis of house (but not below zero). See form 982. (If you don't use the form, it's considered other income.) It passed.

Criteria:
Cancelled in 2007,8,9 only.
Taxpayer not in bankruptcy.
Lived in/Owned it for 2 years as main home.
Debt less than $2Million.
Money was only from buying, building or improving home.
(No cashouts).
Any money not included in income is deducted from basis of house (but not below zero).

See form 982. (If you don’t use the form, it’s considered other income.)

]]>