California Legislature approves tax break for people in foreclosures, short sales

by Gary and Lisa Schoeffler on April 10, 2010

in Legal Updates

Gov. Arnold Schwarzenegger said he would sign the measure, which would also provide about $60 million in tax credits to green-energy companies, when it reached his desk. Californians can already claim the tax breaks on federal returns. Lawmakers passed the measure in time for people to take advantage of it by the April 15 deadline for filing tax returns.

click here to read entire article from the Los Angeles Times

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