•  
  •  
 

Abstract

A 1998 Tax Court case has focused attention once again on the income tax consequences of mortgage foreclosure transactions. Although the courts have not been entirely consistent in handling the calculation of gain or loss and any discharge of indebtedness income, the rules governing recourse debt have been interpreted fairly consistently in recent years.

Share

COinS
 

To view the content in your browser, please download Adobe Reader or, alternately,
you may Download the file to your hard drive.

NOTE: The latest versions of Adobe Reader do not support viewing PDF files within Firefox on Mac OS and if you are using a modern (Intel) Mac, there is no official plugin for viewing PDF files within the browser window.