Real Estate Investing Forums

Real Estate Investing => Bird Dogs, Wholesaling => Topic started by: DamGeo on January 17, 2012, 09:05:51 pm

Title: new real estate tax laws as of 2013.. tell me what you think..
Post by: DamGeo on January 17, 2012, 09:05:51 pm

So I recently read that the real estate tax laws are changing as of Jan. 1st 2013 for those folks whos primary residence is sold through a short sale or foreclosure. They will now be charged according to their tax bracket, federal taxes on the amount that the bank forgives. Source: Hartford Courant sunday edition. Does that mean more motivated sellers to avoid losing their homes through the bank process??

Title: Re: new real estate tax laws as of 2013.. tell me what you think..
Post by: Gold River on January 18, 2012, 09:20:16 am

Hi,

    This is not a change under the law, however we have been under a moratorium that expires unless extended further at the end of 2012!


            GR