Will a foreclosure be treated as a sale for income tax purposes if there is a surplus? - Intuit Accountants Community

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Will a foreclosure be treated as a sale for income tax purposes if there is a surplus?

lyndaj0331

Level 4

‎05-30-2023 12:20 PM

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BobKamman

Level 15

‎05-30-2023 12:49 PM

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Generally it's a sale even if there is no surplus.

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