What's even more frustrating than asking the IRS help desk, is asking a Turbo Tax "Tax Specialist".

Secondly, the homeowner would need to cooperate as she would need to submit a bunch of paperwork including income statements, tax returns, etc. for the Short Sale application to show that she is insolvent.  

NJ has the highest taxes per capita in the country so high taxes are expected especially in Northern NJ.

Creative financing can help sellers make more money, solve pain points, gets them the money they need, and help them avoid a high tax bill.

Jerry Norton is a predator scam artist every body dont buy his garbage.LOLThis guru debate will go on and on.An investment of time/money/effort is required in real estate investingIts the "success tax" or the "10000 hour rule" at play, we all have to PAY on the way to success  

Urged them to make a withdrawal and pay the tax penalty because this program, training, education will change their life.

For tax purposes, rental income is generally recognized in the year you receive it, not when it is paid.

These properties can appreciate in value and offer tax benefits like depreciation and mortgage interest deductions while financing terms are often favorable.

Bonus - the interest on the loan is tax deductible!

Tax-wise, profits are taxed at your ordinary income rate, and frequent flips may subject you to self-employment tax if classified as a dealer by the IRS.