Stepped-up basis good for inheritors

Bob Bruss.

- CAN A PARTITION LAWSUIT APPLY TO JOINT-TENANCY PROPERTY?

- MORTGAGE RELIEF ON A “SHORT SALE” IS TAXABLE

[You will indeed be taxed on any mortgage relief you receive in a short sale. That fact is going to come back and bite a lot of people who thought they were finally through with that blasted home after the short sale. John]

March 20, 2007 by Realtor John Wake

About The Author

John Wake

Born in Phoenix, trained as an economist and now a licensed Realtor, John uses hard data from the real estate market to help his clients -- buyers and sellers of residential real estate -- uncover their best choices for finding the right home or finding a buyer for their current home.

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