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    vka's Avatar
    vka Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Nov 13, 2007, 04:15 PM
    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
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Nov 14, 2007, 08:10 AM
    Answered via email.
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