Welcome Guest. Register Now!  



 
 
LinkBack Thread Tools Search this Thread Display Modes
Prev Previous Post   Next Post Next
  #1 (permalink)  
Old 04-08-2014, 10:43 PM
Junior Member
 
Join Date: Apr 2014
Posts: 2
I received a 1099A on property included in Ch 7 Bankruptcy

I filed Ch 7 Bankruptcy in 2011 and included my primary residence. All debts were discharged in 2011. The property was foreclosed on in 2013. I received a for 1099A showing FMV higher than principal balance. I thought that filing Ch 7 would have prevented owing taxes on a foreclosed property that was included in the bankruptcy. What should I do?



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
 

« 1120s K-1 | 1099a »


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
1099a kfly Income 1 04-09-2014 08:45 AM
How to report 1099a on a 2011 Tax Return BlazeG Filing Requirements 1 04-07-2012 10:01 PM
Included in 1099 agoolg71 Income 0 02-09-2010 04:14 PM
Should stipend be included in taxable income? evil_neo Income 1 02-12-2008 09:57 AM
Are proceeds received from the sale of inherited property considered taxable income? pinky Income 2 09-13-2007 01:30 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.