Washington Department of Revenue Changes Stance on REET for Short Sale
In a surprisingly sensible move, the Washington State Department of Revenue reversed their earlier decision about collecting real estate excise tax on forgiven debt. You can read the original post about taxing WA short sales here.
You can read the letter about how the DOR came to their senses and decided against imposing the REET here.
February 2nd, 2009 at 3:48 pm
[...] UPDATE 1/13/09: The Washington State Department of Revenue reversed their stance. See updated WA REET ruling post. [...]