Tax relief bill extended


I was wondering about that but found out that they extended the bill that will allow homeowners relief from getting a tax bill when they short sell their home.

Under a law signed in 2007, debt relief on loan modifications, short sales, and foreclosures were no longer taxable; that break expired at the end of 2012. That could have meant bad news for the housing industry . People would not want to do a short sale .

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