NAR wants permanent tax relief for distressed homeowners

Trade org urges Congress to reinstate expired exclusion preventing forgiven mortgage debt from being taxed as income

LIVE NOW: Inman Connect San Francisco
Tune-in now to catch the livestream. Don't miss this chance to see real estate leaders tackle the industry's top problems.

“What happens when things go sour, equity is lost and the family is forced to sell short? Up through last year, the exclusion stepped in and relieved the often-impossible tax burden.”