I give it a 6… okay but not on par with any of the scooby do or hitler references.
I agree with you TG but didn’t post as I am not positive nor am I an accountant. It would seem to me that IRS treatment of a short sale will differ from a true foreclosure or deed in lieu of foreclosure depending on the short sale situation (original purchase money verses a refi or HELOC)
BK could be a good idea. There is a question about a deficiency judgement as well.
