Difference between revisions of "Government Tax Deed Sales"

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Revision as of 22:04, 12 May 2026

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In the above scenario, merely saved $7,500, but the internal revenue service considers it income. If the amount is expired $600, a new creditor must send you' form 1099-C. How could it possibly be income? The government considers "debt forgiveness" as income. So how can acquire out of accelerating your taxable income base by $7,500 with this settlement?

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