Re: Insolvency
Posted by Matthew on May 21, 2008 at 04:34:30:
In Reply to: Re: Insolvency
Posted by Steele in Minnesota on May 20, 2008 at 20:33:35:
According to About.com:Taxes, under the section "Other Exclusions for Canceled Debts" states:
"The insolvency exclusion is particularly relevant, as it will likely apply to borrowers with home equity loans or mortgages on second homes and rental properties."
Sounds like it would include rental property in the case of proving insolvency.
Any other thoughts?
Thanks!
Follow Ups:
- Re: Insolvency - steele in minnesota 08:21:13 05/21/08
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