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Tax Attorney Advice (Document?) re. Short Sale
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Legal > Tax Law

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  • Posted: Sat, Mar 30, 2013
  • Time Left: Closed
  • Location: United States
  • Client prefers freelancers from:
    United States

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  • Start: Immediately
  • Budget: Less than $500
  • Fixed Price Job
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  • U.S. freelancers must have W9
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Hi there,

We met with a tax attorney before moving forward with a short sale who told us that we would basically be taking a loss over an 18 month period - and therefore not pay income taxes for this year. We paid him for the consultation.

I have met w/my tax guy - who said there is no such thing -

Before I pay this attorney to draw up a document that may save me no money at all (or $70k!!) - I wanted an opinion.

I'm willing to pay for the advice.

He asked for the following info:

PROPERTY TYPE The property was a 4-Plex in the city of Hemet
RENTAL OR PERSONAL - It was a rental property.
The sales price in the short sale was $168159
We put down $250,000 which was a 10-31 rollover
Debt forgiven - approx $24000
Type of debt forgiven ....it was a home loan

Thanks for taking a look.

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Desired Skills
Tax Law
Job ID: 39679385
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