What forms should I use for TR 2013? Scenario: I purchased my house for $119,000 in June 2010; I received an $8,000 First Time Home Buyer Credit; I moved out in Nov 2011 and then this became a rental property; every year the rental manager has sent me 1099s-Misc. for the rents and expenses that have been deducted as well. In Jan 2013 the renter moved out and I sold this house until May 2013 for $107,000; I was paying both mortgage and rent, and at the time of the sell i had to come up with $15,000 cash to close.
Please list the forms to be used to complete my 2013 Tax Return.
Can the rental sale loss be deductible? Do I pay back the FTHB Credit?
Last edited by mg1313 : 04-10-2014 at 05:03 PM.
Reason: spelling
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