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new real estate tax laws as of 2013.. tell me what you think..
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Topic: new real estate tax laws as of 2013.. tell me what you think.. (Read 2312 times)
DamGeo
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Posts: 8
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??
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Gold River
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Posts: 2329
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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