Some investors are faced with the prospect of a short sale, or a lender’s foreclosure. The investors in this situation have a multitude of concerns ranging from the loss of the equity invested in their property to a reduced credit rating. Unfortunately, there is often another consequence: the short sale or lender’s foreclosure can sometimes result in an income tax gain that must be recognized. This is especially true where the investment property was originally acquired in a §1031 tax deferred exchange.
Claim up to $26,000 per W2 Employee
- Billions of dollars in funding available
- Funds are available to U.S. Businesses NOW
- This is not a loan. These tax credits do not need to be repaid