IRS touts real estate tax breaks
Home is where the tax relief is. The Internal Revenue Service and the U.S. Department of Energy are touting the following real estate-related tax breaks Congress recently created or extended for individual taxpayers:
→ Mortgage Forgiveness Debt Relief Act of 2007.
For taxpayers who lose their homes in foreclosure.
What: Allows homeowners to exclude from income any debt forgiven in a home forecl...
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