Tuesday, May 10, 2011

Tax Implications of Short Sales and Foreclosures

Mr. Lively will be presenting "Tax Implications of Short Sales and Foreclosures" on Wednesday, May 18, 2011 before a group of realtors.  The focus of the presentation will be:
  • How to deal with cancellation of debt issues
  • Understanding the difference between recourse and non-recourse debt
  • Computation of the potential capital gain on a short sale
  • Various other tax aspects of short sales
This seminar is sponsored by Bank of America and the Kevin Budde Team.

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