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jdaasoc

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jdaasoc

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Re: nancy2 post# 106250

Wednesday, 08/08/2007 7:42:08 PM

Wednesday, August 08, 2007 7:42:08 PM

Post# of 148479
forgiven loans (debt discharge income) and home sale gain exclusions don't seem seem to be routinely taxed on federal level.


http://finance.yahoo.com/real-estate/article/102969/Taxes-When-You-Sell-Your-Home-at-a-Loss


I am more worried about the money hungry NJ Department of Treasury rules which usually exclude most federal tax preferences like recapturing all estate tax deductions, capital losses offsetting of capital gains etc.



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