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Author Topic: new real estate tax laws as of 2013.. tell me what you think..  (Read 2296 times)

Offline DamGeo

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new real estate tax laws as of 2013.. tell me what you think..
« 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??

Offline Gold River

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Re: new real estate tax laws as of 2013.. tell me what you think..
« Reply #1 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

 




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