Comments on: Phantom Income from a Short Sale or Foreclosure? TaxMama Gives You Two Ways to Avoid the Tax http://blog.equifax.com/tax/phantom-income-from-a-short-sale-or-foreclosure-taxmama-gives-you-two-ways-to-avoid-the-tax/ Fri, 24 May 2013 13:11:28 +0000 hourly 1 http://wordpress.org/?v=3.5 By: Brinder http://blog.equifax.com/tax/phantom-income-from-a-short-sale-or-foreclosure-taxmama-gives-you-two-ways-to-avoid-the-tax/#comment-180 Brinder Tue, 30 Nov 2010 23:42:11 +0000 http://ec2-50-19-98-117.compute-1.amazonaws.com/tax/phantom-income-from-a-short-sale-or-foreclosure-taxmama-gives-you-two-ways-to-avoid-the-tax/#comment-180 I am (through my s-corp) buying a commercial property with non-recourse financing and zero cash flow. All income goes to pay down mortgage. It does result in some phantom income for next 12 years even after applying Depreciation.
How can I minimize paying tax on this phantom income?

Thanks
Brinder.Lally@gmail.com

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