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It means that this action of debt discharge must have had a written agreement between you and the lender in 2016, for you to qualify for the tax relief, providing you meet the qualifications.
Extension of the Mortgage Debt Relief ActThe Act initially covered a three-year period between 2007 and 2010, but was extended four times, to 2012, 2013, 2014 and then to 2016. This can also apply to debt that is discharged in 2017 provided that there was a written agreement entered into in 2016.
**The new tax law extensions, including this one, recently passed on February 9th, 2018, are provided below. They will be ready when the IRS is ready.
It means that this action of debt discharge must have had a written agreement between you and the lender in 2016, for you to qualify for the tax relief, providing you meet the qualifications.
Extension of the Mortgage Debt Relief ActThe Act initially covered a three-year period between 2007 and 2010, but was extended four times, to 2012, 2013, 2014 and then to 2016. This can also apply to debt that is discharged in 2017 provided that there was a written agreement entered into in 2016.
**The new tax law extensions, including this one, recently passed on February 9th, 2018, are provided below. They will be ready when the IRS is ready.
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