From Sacramento Realtor Gena Riede:
Sacramento Short Sale Realtor talks to CA Short Sale Sellers and shares what home sellers need to know about Short Sales and taxes. Gena talks about tax implications for short sales. There are times when the bank will issue you a 1099 after the short sale on your property is complete, so make sure you know what you are doing as a buyer. It’ll be important to get the advice of a tax consultant and attorney before doing a short sale. Watch this video to find out more about the short sale process.
See Gena’s blog HERE.
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