Not your question?
Ask your question
View similar questions
Add your answer here.Check out some similar questions!
Will amount of debt cacelled on 1099c form effect
[ 1 Answers ]
Will amount of debt cancelled on 1099c form effect by tax return? How does thi work? I sold home short sell.
Second Mortgage not paid in sale of property
[ 3 Answers ]
What happens when a property is sold for less than the amount owed and there is a second mortgage? The spouse's name was not on the 1st loan but the name was on the deed.
Effects on Credit with Debt Not Paid at all VS Debt pain in Settlement
[ 2 Answers ]
I lost like 140k in a home foreclosure. The first mortgage bank cancelled my debt and sent me 1099c. The second mortgage bank sold the my loan for $102,500.00 to debt collector. Now Saxon mortgage who currently owns my loan, is giving me an offer to settle with $5000. I can't come up with that...
Schedule C home depreciation and effect on eventual sale of home in the future
[ 1 Answers ]
I am debating if I should take depreciation on my personal home onto my federal schedule C. Let me explain, My gut feeling tells me that when I eventually sell my personal home I will be forced to add back all the depreciation I have taken on my schedule C for all those past years as income for...
Tax Effect of 501(c)(7) Sale of Asset
[ 1 Answers ]
Does anyone know what the tax effect of a 501(c)(7) Tax-Exempt Corporation (Social Club for hunting & fishing) selling an asset is? This asset would be a portion of the land that the corporation owns. There are 39 members and most likely the net proceeds from the sale would be distributed... View more questions Search
|