Welcome Guest. Register Now!  


Homeowner Tax Home owner tax issues and rebates.


Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 08-27-2015, 07:28 PM
Junior Member
 
Join Date: Aug 2015
Posts: 1
Acquisition or Abandonment of Secured Property

I received a 1099-a "Acquisition or Abandonment of Secured Property after defaulting on our mortgage. Box 3 Balance of principal outstanding shows $181.733. Box 4 Fair market value of peroperty shows 207,979.

What am I to do with this. Does this help me in any way at all to lower my taxes?



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
Ads
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

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
Sale of Primary Property and Retal Property DrBob1021 Capital Gains 1 04-17-2015 08:30 PM
Can a LLC equity partner in an investment/rental property deduct travel to inspect/maintain property? StageFourLLC Rental Real-Estate 0 03-12-2014 09:06 PM
Can Suspended Losses from Rental Property converted to Personal Residence be released upon sale of another rental property? mountainaire Rental Real-Estate 1 04-05-2011 03:59 AM
Unknown Acquisition Data & Cost aiki456 Capital Gains 2 04-01-2010 12:02 PM
Cost Basis after Acquisition ranger99 Capital Gains 1 05-08-2008 09:35 AM

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