Mortgage Forgiveness Tax Relief Act Tag

NAR Call For Action: Don’t Tax “Phantom Income”

Tell Congress: Don’t Tax “Phantom Income” on Short Sales. Congress has begun its “Lame Duck” session with a big list of unfinished business items.  Number one on that list for REALTORS® is an extension of “The Mortgage Forgiveness Tax Relief Act.” This bipartisan legislation would extend an expired provision that has helped millions of distressed American families by allowing tax relief for homeowners...