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phill

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phill

Re: Newly2b post# 583743

Wednesday, 03/05/2008 1:10:01 PM

Wednesday, March 05, 2008 1:10:01 PM

Post# of 704019
Newly, nice 'tude; Herb Hoover would be proud <vbg>; but help me out here, please, cuz I'm slow. Why is there tax at all? Why isn't the forgiven debt offset by the capital loss on the property?

tia,

phill
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