DEAR BENNY: Can we deduct the loss of our home? We are selling it, and fortunately we are no longer underwater with the mortgage but will take a significant loss. – Eroll DEAR EROLL: When you sell your principal house, ...Read More »
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I understand that when homebuyers sign closing documents, they are routinely required to sign a blanket form allowing the lender to access IRS records with no time limit. The form says not to sign it unless dates are specified on the form, but lenders routinely insist they be signed without any specification as to which years of IRS records are covered.
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