Industry News

Bill would kill tax on ‘phantom income’ from foreclosures, workouts

Tighter capital gains rule proposed to compensate for lost revenue
Published on Sep 27, 2007

Watch Connect NYC 2017 Live
Tune in live as the best and brightest explain how to execute and grow your business from the main stage of Connect.

A bill that would give homeowners facing foreclosure a tax break when lenders forgive part of their debt would make up for lost revenue by collecting more capital gains taxes on the sales of some second homes claimed as primary ...