Borrowers Beware: Short Sales of Distressed Assets May Have Unfavorable Tax Consequences
Beware of being shortsighted. Last week, our Federal Tax Group takes the long view for borrowers and their creditors seeking to use short sales to extricate themselves from nonrecourse debt.
What is a short sale?Is the short sale one integrated transaction or two separate ones?Two federal court cases tell the story
Read the full advisory here.
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