Tax Ramifications of Debt Restructuring

Construction and Real Estate

January 21, 2010
by Crystal Christenson

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You’ve finally managed to work out your debt issues with your lender and are feeling much more optimistic about the future. But wait – have you discussed the workout with your tax advisor yet? Whether your debt workout was as simple as a modification of debt terms or as unfortunate as a foreclosure, the resulting tax ramifications may surprise you – and not in a good way.

This article provides a brief introduction to the very complicated tax rules surrounding debt workouts.


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Length: 1 pages (PDF 60 kB)



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