Happy New Year to our three readers!
The bad news is that my oldest daughter had to ring in the new year in the Senate Press Gallery awaiting a vote on the fiscal cliff mess. The good news is that H.R. 8, which was passed by the Senate in the wee hours of 2003, includes the following:
Sec.202.Extension of exclusion from gross income of discharge of qualified principal residence indebtedness
If you are in the throes of a short sale on your principal residenence, this comes as welcome news. Now, let's hope the House likes the idea.
H/T to broker J. Philip Faranda for the link.
Now, go out there and kick some 2013 hiney!