Beware of the Tax Dangers in Short Sales
Are you considering a short sale of your home or rental property in Southern California?
Consumer bankruptcy attorney and founder of Nuñez Law Corporation, Maria J. Nuñez, understands your fear of foreclosure. Your effort to derive whatever income you can from the sale of your home is completely logical.
But selling your home at a loss doesn't mean you are "out of the woods." This strategy could be shortsighted, given the taxes you may wind up owing.
Short sales tax liability is not dischargeable in a consumer bankruptcy. For helpful advice, pros and cons of differing courses of action, and compassionate bankruptcy legal representation, contact Nuñez Law Corporation.
Our lawyer has two convenient office locations to serve you in Downtown San Diego and North San Diego County, San Marcos. One toll-free phone call can reserve your free initial consultation. 866-465-0848. Se habla español.
Nuñez Law Corporation Guides You to Wise Decisions About Your Future
Ms. Nuñez explains every option available to you and offers honest, realistic answers to your questions about short sales — and any aspect of Chapter 7 liquidation or Chapter 13 reorganization bankruptcy.
We feel you deserve to know as much as you can about tax consequences or deficiencies that come with short sales. Avoid the surprise of a 1099 tax form in your mailbox after your short sale. Bankruptcy attorney Maria J. Nuñez of Nuñez Law Corporation will arm you with the short sale and tax liability information you need to make a wise decision.
Your Initial Consultation Is Always Free of Charge
Evening and weekend appointments are available. Call toll-free today: 866-465-0848.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
