california treatment of cancellation of debt - Spidell

california treatment of cancellation of debt

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Message Board california treatment of cancellation of debt

This topic contains 4 replies, has 0 voices, and was last updated by Alan Gassman 11 months, 2 weeks ago.

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  • #33745
    Alan Gassman
    Participant

    does california for 2017 follow the same rules for debt cancellation as federal

  • #35431
    Lynn Freer
    Participant

    CA doesn't allow the principal residence exclusion like federal.

    • #35433
      Alan Gassman
      Participant

      thanks for the reply but its not for personal relsidence but for a capital asset

  • #35435
    Lynn Freer
    Participant

    CA otherwise conforms.

    • #35436
      Alan Gassman
      Participant

      thanks