In a short sale, so long as your taxes are prepared properly, it should result in no tax liability in virtually every circumstance.Evan Nielsen, Tax Attorney
In the video below, 30-year veteran tax attorney Evan Nielsen explains how taxes really work when you’re doing a short sale.
Most licensed professionals do not have the qualifications to accurately explain the consequences and benefits of short selling your home. There’s a lot of mis-information out there regarding short sales, but nowhere is the information more wrong than when it comes to taxes.
We’re not here to give you tax advice and obviously, nothing is ever guaranteed with anything. But when true experts like Attorney Nielsen say there’s no tax liability in virtually every circumstance, it’s got to make you wonder, “Where did these other guys get their degree?”
If you’re talking to anyone who’s warning you about taxes in a short sale… get a second opinion before you rely on what they say.
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