tax hits on property short sales
following is a copy of a link to an article by bill bischoff appearing in the may 1, 2009 on-line edition of the wall street journal on the subject of potential tax implications of short sales.
the sidebar, entitled "not home free", on the subject of lenders beginning to take actions to actually collect the "short" resulting from a short sale provides another, perhaps even more interesting, perspective on the potential implications of a short sale.