tag:blogger.com,1999:blog-10004977.post3592012832902192258..comments2007-04-04T16:53:00.395-04:00Comments on Calculated Risk: Housing: Short Sales and TaxesCalculatedRiskhttp://www.blogger.com/profile/08664541332908374389noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-10004977.post-34670069576063466962007-04-04T16:53:00.000-04:002007-04-04T16:53:00.000-04:00This is true. Debt relief is taxable as if it is ...This is true. Debt relief is taxable as if it is income. But if you are in the situation you need to do a short sale, A good CPA should be able to show you as insolvent so you do not have to pay the taxes from the 1099C from the short sale.<BR/><BR/>Cory Barnett<BR/>http://www.FreeShortSaleSecrets.comAnonymousnoreply@blogger.com