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  1. 01-05-2012, 04:10 PM #1
    lvlychild
    lvlychild is offline Renter
    Join Date
    Jan 2012
    Location
    pk
    Posts
    1

    Default I have re-financed a rental property

    I have re-financed a rental property before the market dump, and now I'm in a position where in need to short sale. The value of the property is much lower than what is owed, but still higher than the original purchase price. How do I figure how much taxes I will be hit with on a short sale?
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  2. 01-09-2012, 12:32 AM #2
    LVrealestateHELP's Avatar
    LVrealestateHELP
    LVrealestateHELP is offline Condominium
    Join Date
    Dec 2008
    Location
    Las Vegas, NV
    Posts
    251

    Default More info and CPA

    Get a free cma on the home from a few agents. Next take those figures to your cpa and ask them about the tax consequences. With that being said a successful short sale would include verbage that would release you from future liability.
    Best Regards,
    Robert Adams
    Broker/Salesman
    Rothwell Gornt Companies
    CREHadams@gmail.com
    Robert@RothwellGornt.com
    http://www.LVrealestateHELP.com
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