CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS

Tony & Damien’s Top 10: Foreclosure Short Sale Shenanigans

Episode Description

A couple bought a home, then eventually filed for bankruptcy. After CitiMortgage short sold the home, the taxpayers claimed a mortgage interest tax deduction. The IRS disallowed it, but the 9th Circuit Court disagreed. In this episode, Tony and Damien discuss why.

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