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Video: Guide to Short Sales, Foreclosures and Your Taxes
If you are like most people, the purchase of a home is probably one of the biggest financial decisions you will ever make. But sometimes, circumstances beyond your control may require you to sell the home in a short sale or cause you to lose your house to foreclosure. Watch this video to learn more about how short sales or foreclosures may affect your taxes. Read more…

Tax Tips for Foreclosures
Understanding the tax ramifications of the foreclosure process can help minimize the financial consequences. There are several possible outcomes of a bank foreclosure, and each will affect your taxes differently. Read more…

Home Foreclosure: What's Your Tax Liability?
Through 2020 (and in certain cases 2021), exceptions to federal tax laws allow some homeowners to escape additional tax liability when going through foreclosure. Read more…

How to Avoid Taxes on Canceled Mortgage Debt
If you lost your principal residence to a foreclosure or short sale, TurboTax can help you deal with the tax implications, including recent tax law changes that can offer some relief. Read more…

Buying Your First Home
Buying your first home is a huge step, but tax deductions available to you as a homeowner can reduce your tax bill. Read more…


More Home Ownership Articles

Video: Can We File Two Primary Residences if Filing a Joint Tax Return? Energy Tax Credit: Which Home Improvements Qualify? Tax Breaks and Home Ownership How Short Sales and Foreclosures Affect Your Taxes Are You An Accidental Landlord? Here's How to Tackle Your Taxes Buying a Second Home—Tax Tips for Homeowners Tax Law for Selling Real Estate Deducting Health Insurance Premiums If You're Self-Employed Tax Deductions for Rental Property Depreciation What is IRS Form 8859: Carryforward of D.C. First-Time Homebuyer Credit Claiming Property Taxes on Your Tax Return Federal Tax Deductions for Home Renovation Video: Tax Deductions When Buying or Selling a Home Video: Deducting Mortgage Interest and Property Tax Video: Federal Tax Deductions for Home Renovation Home Improvements and Your Taxes Tax Aspects of Home Ownership: Selling a Home Federal Tax Credit for Residential Solar Energy Homebuyer Tax Credit: 7 Surprising Facts Home Ownership Tax Deductions Guide to 1098 Tax Forms Tax Tips for Short Sales What Are Home Renovation Tax Credits? Tax Deductions for Conservation Easements of Property Paying Property Taxes Online Are Home Interest Loans Deductible From Taxes? Video: Renting vs Buying a Home: Tax Breaks You Should Know Video: What Are Energy Tax Credits? What Are Energy Tax Credits? Video: Tax Tips for Paying Property Taxes Online Deducting Mortgage Interest FAQs Video: Home Repairs and Tax Deductions Can You Claim a Boat or RV as a Primary Residence? What are the Tax Implications of Involuntary Conversions? About Tax Deductions for a Mortgage What Are Personal Property Taxes? How to Estimate Property Taxes Mortgage Refinance Tax Deductions Real Estate Tax Tips: Owning Property as a Tenancy in Common How to Deduct Mortgage Points on Your Tax Return Real Estate Tax Tips for the Owner of Record Video: Federal Tax Credit for Solar Energy What Is the IRS Form 5405? Video: Learn about the First-Time Homebuyer's Credit 10 Energy-Related Home Improvements You Can Make Today Taking the First-Time Homebuyer Credit Conserve Energy, Save Money with Larger Credits Unmarried First-Time Homebuyers: Who Gets the Credit for a 2010 Purchase? Video: The 2010 Energy Tax Credit

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