Contact Information

John McConnin, Attorney
McConnin & Company Realty
171 Saxony Road, Suite 204
Encinitas , CA, 92024
Office: S.D. 760.896.4663, Orange 714. 203.6800, L.A. 310.729.4704, Riverside 951 824 8883
Cell: 760.896.4663
john@favoriterealestate.com
www.favoriterealestate.com
Lic. #: 01445675, CA Bar # 154852
Short Sale and Foreclosure Tax Liability | Print |

Tax Liability for Upside Down Property Owners

Tax liablity can be very complicated.  

Although many websites focus on COD or loan forgiveness income, you must also consider taxable income from gains or losses.  The way the IRS deals with upside down property is  not necessarily intuitive. 

Contact us and we will be happy to send you articles we have collected on the subject.



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Last Updated ( Monday, 31 December 2007 )
 
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