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You are Browsing the February 2014 Archive:

Beware of Tax Implications from a Short Sale or Loan Modification

This Article recently appeared in the New York Times.  Come tax time, JPMorgan Chase will be able to write off the $1.5 billion in debt relief it must give homeowners to satisfy the terms of a recent settlement. But the homeowners who receive the help will have to treat it as taxable income, resulting in […]