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Another taxing problem
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AT-December 2007-2
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As if traders didn't have enough tax concerns, those with mortgage and real estate problems have a new set of problems on their hands. If the sub-prime crisis affected you, make sure you understand your tax options.
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Detailed Description
Traders have always looked for the best way to turn losses into the best possible tax refund.
However, some traders are discovering another kind of tax conundrum — the kind that comes with declining real-estate value and predatory mortgages.
If you are forced to sell your principal residence at a loss, or — worse — if you have to foreclose, you should look into your tax and legal options.
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