1099 Misc for Short sale incentive I just received a 1099 MISC form from Chase for a shortsale incentive they gave me at the closing (10,000). Is this taxable? My short sale qualified under the Mortgage relief act and I do not owe taxes on the difference, yet it appears I will be owing on the incentive (relocation incentive). Is there a way to report it so that taxes are not owed?
Thank you for your help |