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

    Feb 11, 2008, 01:09 PM
    Deedback tax
    If I deedback a residential property, will I get a 1099 when tax time comes around?
    Right now I have it going for a short sale.:confused: :
    excon's Avatar
    excon Posts: 21,482, Reputation: 2992
    Uber Member
     
    #2

    Feb 12, 2008, 04:43 AM
    Hello liz:

    Our wonderful leader, George Bush, recently signed a law that says you don't have to pay taxes on the money that was forgiven by your mortgage company. Ain't America great?

    excon

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