Mortgage Cancellation – Legislative History
Posted by Clay on January 31st, 2008Mortgage Debt Cancellation Relief – H.R. 3648 – Public Law 110-142: General Information and Provisions
Individuals who are relieved of their obligation to pay some portion of a mortgage debt on a principal residence between January 1, 2007 and December 31, 2009 will not be required to pay income tax on any amount that is forgiven.
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Clay MADISEN is a full time real estate broker and REALTOR® with 18 years of experience in the San Diego market.
