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Re: 1st Time posting, Advice please :)

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Dond

November 24, 2014 09:33AM

Registered: 12 years ago
Posts: 59

I can't advise you on a foreclosure in Penn., but you needn't worry about Federal taxes. It appears that you are insolvent (whether or not you file for BK). In that case there is no tax on the "gain" which you never received. Go to the IRS website and search for the word "insolvent".

Dond

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Subject	Author	Views	Posted
1st Time posting, Advice please :)	puttputt	3878	November 19, 2014 11:35AM
Re: 1st Time posting, Advice please :)	Dond	2698	November 24, 2014 09:33AM

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