Lisa Milkovich, et al v. USA
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March 02, 2022
9th Circ. OKs Bankrupt Couple's Mortgage Interest Deduction
A split opinion by a Ninth Circuit panel issued Wednesday revived a Washington state couple's challenge to the Internal Revenue Service's denial of a $114,688 mortgage interest deduction arising from the 2011 short sale of their home by CitiMortgage after their Chapter 7 bankruptcy discharge.
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March 02, 2022
9th Circ. Sides With Couple On Interest Deduction Refund
A Washington federal court wrongly dismissed a couple's case for a refund of taxes they paid after the Internal Revenue Service denied them a mortgage interest deduction of almost $115,000, the Ninth Circuit said Wednesday.