Tax Court Says Calif. Rental Owner Owes Tax On Canceled Debt
By Theresa Schliep · October 14, 2020, 5:38 PM EDT
A California rental property owner has to pay tax on around $184,000 of canceled debt income because she failed to prove the debts were nonrecourse, the U.S. Tax Court said Wednesday....
To view the full article, register now.
Try a seven day FREE Trial
Already a subscriber? Click here to login