3113 Shadow Dusk, Henderson, NV 89052

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10274 Purple Primrose, Las Vegas, NV 89141

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2386 Stansbury, Henderson, NV 89052

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4214 Santo Willow, Las Vegas, NV 89141

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Consequences for a Short Sale: Tax Liability

What is a short sale?  When the sale price of the home is less than the loan amount and the lender accepts a lower payoff. On a short sale the amount waived is considered income by the IRS and subject to taxes.  For example, if your loan amount is $300,000 and you complete a short [...]

28 Dry Brook, Henderson, NV 89052

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4591 Julesburg, Las Vegas, NV 89139

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9303 Gilcrease, Las Vegas, NV 89149

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