• Mortgage debt forgiveness tax relief: rule that prevents tax liability arising from many short sales or mitigation workouts involving forgiven, deferred or canceled mortgage debt. (rismedia.com)
This coupled nicely on the governmental side with mortgage debt forgiveness and interest deduction preservation. (nvbr.com)
• Tax relief for mortgage debt forgiveness was extended another year; providing homeowners tax relief on loan modifications, short sales and foreclosures. (rismedia.com)