Analysis of the Tax Exclusion for Canceled Mortgage Debt Income.

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

Bibliographic Details

Corporate Authors:	Library of Congress. Congressional Research Service, ProQuest (Firm)
Format:	eBook
Language:	English
Published:	[Place of publication not identified] : [publisher not identified], 2008.
Series:	U.S. Congressional Research.
Subjects:	Income tax. Mortgages. Economic policy. Electronic books.
Online Access:	Connect to the full text of this electronic book