TaxMamas TaxQuips: Tax Quips

TaxMamas TaxQuips: Tax Quips


Loan Modification Tax Effect

July 18, 2011

Today TaxMama hears from Janet in the TaxQuips Forum with a quick question. “We have applied for a loan modification on our home. Will that have any affect when we file taxes next year? I’d ask the loan counselor, but they are impossible to reach.â€