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not a black / white issue. Reason: I lived in another "primary" residence when I bought it, so I put 20% down (I was going thru a divorce); once we sold our marital primary home, I did move into this (subject) property and lived there until I moved to Seattle. So, technically, it was a secondary residence, and I did rent it out when I moved to Seattle, for awhile, then it sat vacant for 2 years. Hope that answers your question.
I'm sorry, but I am a tiny bit confused. So , it was not my principal residence, because I did not live in it for 2 years. So the last part of your paragraph applies to me, but I don't quite understand what you are saying. Can you tell me if I need to go back to my tax preparer and tell them if they are wrong? They are saying that I am liable for taxes on the loss in regards XXXXX XXXXX Federal return.
Thanks very much. If I have any other questions regarding this subject, do I have to start over again and pay another fee? or can I come back to you?
but in order to get back to you, I will have to pay another $43.00. Can I have your direct contact? or no?
okay, shall I rate you now? or wait until I get this cleared up completely?
Thank you. I've been in one helluva pickle today. When I told the CPA who already prepared my taxes with the cancellation of debt on my return, to please correct it, she refused and told me to go elsewhere. I then had to find a tax preparer in the lovely (clueless) state of WA to prepare my taxes today. Most of them turned me down, because they didn't know anything about the AZ Statute. I found one girl who told me she would file them the way I asked, but wouldn't give their normal "guarantee". So, I had to go with that. It's been very strange, indeed. I know you are right, because you aren't the first attorney to tell me this. But up here in Seattle, they want to go by the books and not go the extra mile to research it or make a call. Anyway.... I'm hoping for the best. Thanks again.