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Short Sale Tax Relief Almost Here for 2015 and a Bonus for 2016!!

fireworks  The year-end spending bill agreed to by House and Senate leaders last night includes a provision that restores tax forgiveness for principal reduction or short sales on mortgages.  The provision is retroactive to the beginning of 2015 and runs through 2016.  Assuming it is signed by President Obama our clients are in the clear once again for this year and for all of 2016!  YAY!

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