How to Report Home Foreclosures

By | April 27th, 2010|Categories: Potpourri of Tax Topics|Tags: , , |

One of the unfortunate side effects of the recession is that many people have suffered a foreclosure. I have had clients asking me about the tax consequences of a foreclosure, and worrying about how that will affect their taxes. The good news for homeowners is that they do not have to pay tax on any debt [...]