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Mortgage Debt Cancellation Relief

NAR supports an exclusion from taxation of the "phantom income" generated when all or a portion of a mortgage loan is forgiven.

December 19, 2014
On December 16, 2014, the Senate passed H.R. 5771, the Tax Increase Prevention Act of 2014, by a vote of 76-16.
December 17, 2014
Session had mixed results for REALTORS®.
December 17, 2014
The tax extensions approved by Congress include  provisions that will help distressed homeowners and commercial property investors.
December 5, 2014
On Dec. 3, 2014, the House of Representatives passed H.R. 5771, the Tax Increase Prevention Act of 2014, by a strong bipartisan vote of 378-46.
March 7, 2014
In his latest video, NAR President Steve Brown explains why NAR supports an extension on mortgage debt cancellation relief. Take a look.

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