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1099C...for rental property that was sold in 2006?
I received a 1099c for a home that was sold as part of a real estate short sale. The home was my residence for 3 years and then was rented out for 15 months. The home was rented from April 05 until it was sold in Sept 06. I know I have to file the 1099c but will I be able to use a form 982 to exclude the debt by claiming it to be qualified Real Property Business debt.

2007-03-28 10:19:38 · 1 answers · asked by gr8tfriend 1 in Business & Finance Taxes United States

1 answers

is there a question in this somewhere? seems you know what you have and what you need to do with it,,,,,
the 1099C was for a debt that was canceled if that was a question

2007-03-28 11:14:31 · answer #1 · answered by Jo Blo 6 · 0 0

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