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1099a
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This is my investment property. Received 1099a from bank Box2 180,000 box 4 FMV 220,000 and box 5 liable for repayment of debt... YES.Since there is a gain of the difference, that means I need to pay tax for my gain?? If I need to pay tax it is not fair at all because nowadays the FMV is no...
Do we have to file a 1099a
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My name is Debbie Stewart and we lost our home last year and have received a 1099A from the bank. I spoke with someone from Turbo Tax and they said as long as I don't receive a 1099C I don't have to do anything with the 1099A form. The home was our personal home not an investment property. I told...
1099a
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I received a 1099A with principal loan bal of $351,000.00 and FMV$378,204.00. It was purchased with a primary res. Loan. It shows borrower personally liable for repayment of debt. House is in Oregon. I move into it for several months and was unable to live there for health reasons and moved back... View more questions Search
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