What can be done about a 1099 from a lender for a rental property if the property is sold in a short sail if?
you could never afford to pay the amount back in one lump sum. This would be for the State of OHIO?
My home was short sold. The 2nd lein holder was a HELOC, who sent me a 1099. Am I liable for income taxes?
Before closing the HELOC bank accepted $3,000 of the $34,800 owed yet they 1099d me for $34, 800. Not sure if I have to show this as income since they settled for the short sale amount.
1099 after a short sell?
If I short sell my home for $50,000 less than what is owed, the bank will then submit a 1099. What does this mean exactly? Will I be paying for an extra $50,000 income or is this essentially a bill from Uncle Sam for $50,000?
i live in california. i want to put my house up for short sell. will i be 1099 at the end of the year?
will i be 1099 the difference of the loan amount and the amount it was sold for?
What are my options if I get a 1099 form sent to me (because of a short sell) & owe money & can’t pay for it?
What happens after a short sell goes through on a house? Why would I receive a 1099 form?
What does it all mean and how does a 1099 form affect me?
If I receive a 1099 form after a short sell in TEXAS, do I still owe money to the IRS?
I am divorced, and my ex husband lives in our property. We are having to short sell it b/c he hasn’t been keeping up with the payments. I was told we may each receive a 1099 form. Does this mean we will owe money to the IRS? What are the regulations in Texas?
