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HOUSING FINANCEPOLICY CENTER COMMENTARY

HOUSING FINANCEPOLICY CENTER COMMENTARY

www.urban.org

HOUSING FINANCEPOLICY CENTER COMMENTARY URBAN INSTITUTE The Mortgage Forgiveness Debt Relief Act Has Expired—Renewal Could Benefit Millions LAURIE GOODMAN AND ELLEN SEIDMAN. Under the federal tax code, when a lender forgives part or all of a mortgage, the borrower must count that forgiveness as taxable income. Congress wisely

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