Homeowners weighing short sales or loan modifications should be aware that 2016 is the last year they will find tax relief for canceled debt on their main residence. After 2016, pre-recession tax rules on debt are set to take effect once again.
Homeowners weighing short sales or loan modifications should be aware that 2016 is the last year they will find tax relief for canceled debt on their main residence. After 2016, pre-recession tax rules on debt are set to take effect once again.