The Short Sale Tax Bill was Signed into Law!!
If you had a short sale in 2014, this is great news! This means you will not be taxed on any mortgage forgiveness. It cannot be taxed as income which will be a huge relief come tax time!
for more information, check out this artcle !
If you are looking to buy or sell in the Northern Virginia area, this is a great time! Please give our team a call! If you have questions about the short sale process and if there will be mortgage forgiveness in 2015, we would love to help answer your questions.
Jennifer Young Homes
Keller Williams Realty
703-400-6757