Short Sales and Taxes: What to Ask a Pro
By Kris Lindahl Real Estate. Updated 2026-11-10.
We are not tax advisors
This page is general information only. Tax rules change, and every case is different. Please talk with a tax professional.
Questions to ask
Will any forgiven debt be treated as income? Do any exclusions apply to me? What forms should I expect to get from my lender? Does my loan type change anything?
Ask for it in writing
In your short sale, we ask the lender to confirm in writing whether you still owe anything after closing. Get that letter and share it with your tax pro.