Analysis of the Tax Exclusion for Canceled Mortgage Debt Income.

Format:

Book

Government document

Author/Creator:

Library of Congress. Government Division.

Contributor:

Library of Congress. Congressional Research Service. American Law Division.

Language:

English

Subjects (All):

Economic policy.

Income tax.

Mortgages.

Physical Description:

1 online resource (1 online resource (13 p), digital, PDF file)

monochrome

Place of Publication:

[Place of publication not identified] : [publisher not identified], 2008.

System Details:

text file

Summary:

Provides overview and analysis of current tax treatment of canceled debt income. Discusses changes enacted by P.L. 110-142, the Mortgage Forgiveness Debt Relief Act of 2007, which excludes canceled qualified residential debt from income when calculating taxes; and changes enacted by prior legislation. Addresses policy options.

Notes:

Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed Apr. 2014). Reuse except for individual research requires license from ProQuest, LLC.

CRS Report.

Other Format:

Microfiche version: Library of Congress. Government Division. Analysis of the Tax Exclusion for Canceled Mortgage Debt Income

Access Restriction:

Restricted for use by site license.