Analysis of the Proposed Tax Exclusion for Canceled Mortgage Debt Income.

Provides overview and analysis of current tax treatment of canceled debt income; and describes H.R. 3648, the Mortgage Forgiveness Debt Relief Act of 2007, to exclude 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], 2007.
Series:	U.S. Congressional Research.
Subjects:	Income tax. Economic policy. Mortgages. Electronic books.
Online Access:	Connect to the full text of this electronic book