Abandonment of Property (1099-A)

Short Sale, Now What?

November 10, 2010

Podcast: Play in new window | Download

Today TaxMama hears from Toki in the TaxQuips Forum, with a problem, “I bought my house in 2005 and it is now upside down. I decided to try and have my loan redone and got shafted out of $4,000, having a third party to do it for me. I stopped making my payments and I [...]

Read the full article →

1099-A Abandoned Property

February 11, 2010

Podcast: Play in new window | Download

  Today TaxMama hears from Sylvia in the TaxQuips forum, with this terse question. “Box 2 $160,000 Box 4 $150,000. Adj Basis $210,000. Which Form (982)? and which lines to use.” Share this:

Read the full article →