Thinking of walking away from your underwater commercial property? Here’s a surprise: the IRS may have a parting gift for you. Across the commercial real estate world, more owners who give up their properties through a "deed-in-lieu of foreclosure" find an unexpected cost: forgiven debt can lead to a big tax bill. So, what seemed like a way to cut losses can hit investors twice financially. Right now, more than 40% of commercial property foreclosures happen this way, and this hidden tax consequence is catching many investors, especially smaller ones, off guard. https://lnkd.in/eiWc-e2T