Forgiven debt still might haunt you as taxable income

Forgiven debt still might haunt you as taxable income Canceled debt in many cases is considered income — taxable income. And if a creditor forgives thousands of dollars of debt, you can find yourself whacked by a big tax bill. And that is not the only consequence. Forgiven debt can raise your income to the …

Property auction had a lot of silence

Property auction had a lot of silence The crowd filed in to the large white tent behind the Bahia Mar resort for Friday’s real estate auction organized by Sotheby’s and Daniel DeCaro Auctions as a four-piece jazz band played a peppy rendition of “I Feel Good.” But as auctioneer Daniel DeCaro stood and watched from …

Maguire Properties Drops ‘For Sale’ Sign Due to Lack of Offers [Southern California]

Maguire Properties Drops ‘For Sale’ Sign Due to Lack of Offers [Southern California] Maguire Properties Inc. said Friday that it scrapped plans to put itself on the block amid uncertainty in the credit markets and a lack of viable offers. The announcement fueled a 16% slide in the Southern California real-estate investment trust’s share price, …

Your own Strip kingdom awaits: If you can afford it [Vegas Strip]

Your own Strip kingdom awaits: If you can afford it [Vegas Strip] If you missed out on last year’s $1.2 billion sale of the New Frontier, now is your chance to snap up 27 acres of land just south of the Sahara — one of only two major Strip-facing parcels listed for sale. But it’s …