Member Legal Services has published a revised legal article, Taxation of Foreclosures, Deeds in Lieu of Foreclosure, and Short Sales (January 8, 2008). It is available on Legal’s What’s New and the Legal Articles pages on C.A.R. Online. This legal article has been revised to reflect the changes in the tax law after passage of the Mortgage Forgiveness Debt Relief Act of 2007 signed by the President on December 20, 2007. In particular, Questions 9 and 13 reflect these changes.