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Category Archives: Debt

Bramnick’s Blog – Forgiveness on Forgiven Debt extended through 2014

Did you have a short sale or let your home foreclose in 2014? Did you negotiate a settlement with your lender? If so, you may be eligible for a tax exemption. The amount you owe, but don’t have to pay back, is considered forgiven debt. The IRS considers forgiven debt taxable to you as ordinary […]

Written on: September 16, 2014


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