A debt forgiven is considered taxable income to the tenant . ( as far as writing it off for the landlord others may know )According to the IRS, if a debt is canceled, forgiven or discharged, you must include the canceled amount in your gross income and pay taxes on that income unless you qualify for an exclusion or exception.

I had a wholesale lead, and the owner wanted to sell the house, and has recently been discharged from Chapter 7.

He filed for CH 7 bankruptcy later that year and the note was discharged.

Hello Bigger Pockets Real Estate I need advice how to discharge property from (AEP)And if the price of charge from HPD is very high can I somehow reduce her?

, I was medically discharged from the military.  

I am buying a bankruptcy list from Melissa Data to market for real estate deals and they asked me if I wanted to filter my list "Open Filings," "Dismissed," or "Discharged."

If the home was surrendered, a discharge order will be issued for the mortgage.If the home was selected to be surrendered, the mortgagee may opt to finish the foreclosure to deal with any additional encumbrances on title or a Deed in Lieu can also be arranged along with a directed sale of the property to produce funds to satisfy the lien.

Between discharging the debt overhand in bankruptcy and the improved tax base, what has been an impossible situation will be manageable.

We want to keep our current home as rental property.Here's the scenario:We filed chapter 7 bk back in November 2009 and it was discharged February 2010.

I have experience running a family business, and also have an honorable discharge from the Navy.