Tag Archives: Sec. 580e
CA – debt forgiveness and short sales
In a letter to Senator Boxer dated September 19, 2013, IRS Chief Counsel Michael J Montemurro gave a statement on the treatment of debt forgiveness and short sales in the state of California. In his statement Chief Counsel set forth (with …
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Tagged antipdeficiency provision, California CCP, California short sales, nonrecourse debt, Sec. 121 exclusion, Sec. 580e
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