DOR amends taxing short sale debt
Thanks to hard work from industry stakeholders, including the Washington REALTORS® organization, the Department of Revenue reversed an earlier decision to apply the state’s real estate excise tax to debt forgiven through short sales. Read the DOR’s statement here (PDF).
If you’ve paid the excise tax on a short sale forgiven debt, you can request a refund from the DOR. DOR Refund form (PDF).
