How to report 1099a on a 2011 Tax Return Hello,
I received a 1099a from BOX. Box 2 "principal debt" is approx 174,000 approx. Box 4 for FMV is 246,000 approx. Box 5 " is the borrower personally liable" is NOT checked.
The home was principal residence for over 2 years in the last 5 years. The home is situated in California. The home was also sold by the back on Oct, 2011 for 175,000.
I have not received a 1099c, only the 1099a.
How do i proceed to file my 2011 tax return with this 1099a.
Please help, i can't find a answer anywhere.
Thanks in advance.
G |