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Wednesday, September 26, 2007

House to Markup Bill Excluding Discharged Home Mortgage Debt from Income

The House Ways & Means Committee has scheduled a markup session today on H.R. 3648, which would establish a permanent exclusion from gross income for discharged home mortgage indebtedness and extend for seven years the deduction for private mortgage insurance.

  • Joint Committee on Taxation, Explanation (JCX-86-07)
  • Joint Committee on Taxation, Revenue Estimate (JCX-87-07)
  • BloombergVacation Home Sellers Face $2 Billion Tax Bill in U.S. Measure, by Ryan J. Donmoyer

http://taxprof.typepad.com/taxprof_blog/2007/09/house-to-markup.html

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The House Ways and Means Committee is working on a bill to exempt home mortgage debt forgiveness from taxes. The... [Read More]

Tracked on Sep 26, 2007 6:23:39 AM

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