YOu’ve really got to talk with a CPA to discuss his personal situation, since depreciation, capital gains, his tax rate, etc. all make a difference. The CPA should know about short sales too. Try Michael Gallon, CPA, in El Cajon 619-440-4780. BTW, Michael has no idea that I’ve been referring him on piggington, and I have no benefit from doing so. Call someone else if you want, but as far as I know, we don’t have any tax experts on this forum. (nor construction workers, loan officers, title/escrow personnel, inspectors, etc.)
