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    TAZ091992's Avatar
    TAZ091992 Posts: 1, Reputation: 1
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    #1

    Feb 2, 2011, 07:09 PM
    1099-a what's my liability?
    I Received A 1099-A. BOX 2 HAS 250,521.00 AND BOX 4 HAS 19,500.00, BOX 5 IS MARKED "YES". HOW DO I CALCULATE MY TAX LIABILITY?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Feb 11, 2011, 11:35 PM
    First, you may have NO tax liability unless and until you get a Form 1099-C.

    However, you should go and get professional help on this issue, because you may be able to waive any taxes if you meet certain criteria.
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