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We had a real estate partnership (etal) and the property was foreclosed. Two settled w/ lender and one did not. Lender sent 1099A and irs levied partner who didn't settle with lender. IRS garnishied his paycheck. Tax year that irs levy was approx. 2003. We are not sure what the 1099a was sent as etal or not. This partner has died. Even if two partners settled with lender and lender sent 1099a as etal are we liable and can come after the two partners?
One more thing. The 1099a is forgiveness of debt. Does this make any difference.
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