Rental Property

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  • S T
    Senior Member
    • Jun 2005
    • 5053

    #1

    Rental Property

    Would anyone know or have experience, for tax implications

    California Rental Property - is it better to short sale the property or let the property go to foreclosure?

    If the current loan on the property is a negative amortization loan how does that factor into the tax implications if a short sale or a foreclosure?



    Sandy
  • BHoffman
    Senior Member
    • Feb 2008
    • 1768

    #2
    Not sure, but I think a short sale has less of an impact on the owner's credit rating.

    Comment

    • geekgirldany
      Senior Member
      • Jul 2005
      • 2359

      #3
      Here is a post on the taxalmanac:


      I also typed in google "short sale or foreclosure tax implications"

      Several website come up.

      Comment

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