Amid Scandal, IRS Says Banks Can Deduct Foreclosure Costs—But Individuals Still Can’t
- Thursday, July 18, 2013, 1:12
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If you have endured a home foreclosure, you probably don’t have good feelings about banks. You probably also aren’t concerned about how the bank handles the financial and tax aspects of the foreclosure and its aftermath. If you work for a financial institution, though, these issues can be huge. They can actually impact the bottom line.
http://www.forbes.com/sites/robertwood/2013/07/18/in-about-face-irs-says-banks-can-deduct-foreclosure-costs-individuals-they-still-cant/
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