Tuesday, September 02, 2014
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"NEW"   IRS and California Franchise Tax Board declare California distressed home sellers not liable for federal or state income tax on short sales  

LOS ANGELES (Dec. 4) – The CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) announced today it received a letter from the California Franchise Tax Board (FTB), obtained by Board of Equalization (BOE) member George Runner, clarifying that California families who have lost their home in a short sale are not subject to state income tax liability on debt forgiveness “phantom income” they never received in a short sale.  

 

Santa Clarita UNDER $175K  

 

Canyon Country Home, CA Real Estate Listing

Canyon Country, CA

Large Entertainers Pool Home with Sparkling Salt Water Pool
5 bedrooms, 2.5 baths, approx 2531 sq. ft.

$535,000

 

Saugus  Home, CA Real Estate Listing

Saugus , CA

Beautiful California Knolls One-Story Home with Views
3 bedrooms, 2 baths, approx 1307 sq. ft.

$395,000

 

Fair Oaks Ranch Home, CA Real Estate Listing

Fair Oaks Ranch, CA

Cedar Creek Plan 2 on Private Lot with POOL and Mountain Views
3 bedrooms, 2 baths, approx 2051 sq. ft.

$465,000

 

Saugus  Home, CA Real Estate Listing

Saugus , CA

One Bedroom Condo on First Floor
1 bedrooms, 1 baths, approx 700 sq. ft.

$115,000

 

Valencia Home, CA Real Estate Listing

Valencia, CA

Beautiful North Valencia Pool Home
3 bedrooms, 2 baths, approx 1245 sq. ft.

$360,000

 

Valencia Home, CA Real Estate Listing

Valencia, CA

Beautiful Lexington Home in Prestigious Northbridge Pointe
4 bedrooms, 3 baths, approx 2627 sq. ft.

$550,000

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279098

Sean Seckar - RE/MAX of Santa Clarita
Each Office Independently Owned and Operated
Ph: 661-644-2945  -  Fax: 661-554-5659
25101 The Old Road
Santa Clarita, CA 91381
CA DRE License # 1336429
www.TheSCVShortSaleSpecialist.com

 

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