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-   -   Reimbursement for land value on 1099 (https://www.askmehelpdesk.com/showthread.php?t=151738)

  • Nov 13, 2007, 04:15 PM
    vka
    Reimbursement for land value on 1099
    We are getting some amount of settlement money from a builder for selling us a incorrect lot size getting reported on a 1099 form.
    Is there a way to avoid taxes since this money is more like a refund amount on the land we didn't receive!!

    Please help!:confused:
    Thanks
  • Nov 14, 2007, 08:10 AM
    AtlantaTaxExpert
    Answered via email.

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