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I received a surprise 1099c, which I didn't find out about
I received a surprise 1099c, which I didn't find out about until a year after my taxes were filed. The 1099c was for a second mortgage used to repair my home and was forgiven after a home loan modific… read more
Lev
Lev
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Bachelor's Degree Equivalent
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I had Chapter 7 Bankruptcy discharge in 2017 part of which
I had Chapter 7 Bankruptcy discharge in 2017 part of which my Line of Credit was discharged, however, I received 1099-C with a code F in Box 6 ( By Agreement) and Box 5 "Personally Liable repayment of… read more
Lev
Lev
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In 2016, a loan from my employer was discharged in Chapter 7
In 2016, a loan from my employer was discharged in Chapter 7 bankruptcy. My employer has reported this as income on my 2016 W2. I have completed form 982, and I can see how it would work if I had been… read more
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I have tax questions about mortgage debt forgiveness after a
I have tax questions about mortgage debt forgiveness after a bankruptcy is filed. … read more
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MY son passed away we received a 1099 c from wells fargo on
MY son passed away we received a 1099 c from wells fargo on his student loan. It was discharged . Are we able to fill out a 982 form and how do we do it… read more
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I have a client that received a 1099-C Box 2 is $93,970.00
i have a client that received a 1099-C Box 2 is $93,970.00 Box 4 Mortgage box 5 not checked box 6 F kindly advise… read more
Lane
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My rental just got foreclosed on in 2014.Bank didnt send me
my rental just got foreclosed on in 2014.Bank didnt send me a 1099 for it.Can they still send me one in 2015?ND MAKE ME PAY THE TAX ON IT?… read more
Robin D.
Robin D.
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Vocational, Technical or Trade School
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I received a form 1099c forgiveness on a Fanny Mae
I received a form 1099c for loan forgiveness on a Fanny Mae education loan. It was for total and permanent disability with a follow up in 3 years. It was a code F. Can i fill out a form 982? After I f… read more
Mark D
Mark D
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Master's Degree
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Client filed personal bankruptcy because his corporation (S-Corp)
Client filed personal bankruptcy because his corporation (S-Corp) over 300K. The company was 20 yr old company and took 600K loan from the bank (the owner was guarantor for the loan) and after paying … read more
PDtax
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Just receive a 1099c from a lender on a property that I lost
Just receive a 1099c from a lender on a property that I lost in 2002, can they wait that long to send it?… read more
Robin D.
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I am working with an attorney and qualified (via Means Test)
I am working with an attorney and qualified (via Means Test) for a Chapter 7 bankruptcy. However, I just learned that I will be inheriting in about 6 months, a sum of money that un-qualifies me for Ch… read more
Marvin,EA
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I was off in 2010 and later filed for bankruptcy, which
I was laid off in 2010 and later filed for bankruptcy, which was discharged in 2011. I owned a house and a rental which were going to be repossessed in the bankruptcy. The banks did not repo until 201… read more
Lev
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My spouse and I had a line of credit in our partnership name
My spouse and I had a line of credit in our partnership name (just the two of us in the partnership), with my spouse also personally liable. We filed personal BK but did not file BK for the partnershi… read more
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This is a Virginia and federal tax question. I live in Virginia. My
This is a Virginia and federal tax question. I live in Virginia. My wife's declared Chapter 7 Bankruptcy and was discharged in December of last year , 2011. She cited only two debts namely her first a… read more
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I received a 1099 from Bank of America and Discover for amounts
I received a 1099 from Bank of America and Discover for amounts on cards that were their "business" cards. My husband and I are both small business owners and file a 1040 every year. This past year we… read more
Lev
Lev
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Bachelor's Degree Equivalent
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Good Morning I Have a C Corporation that filed chapter 7 bankruptcy. They are insolvent
Good Morning I Have a C Corporation that filed chapter 7 bankruptcy. They are insolvent. I am trying to calculate the insolvency exclusion. A Corporation does not get its debt formally discharged in a… read more
Lev
Lev
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Bachelor's Degree Equivalent
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I filed chapter 7 bankruptcy on Sept 9, 2009. It discharged
I filed chapter 7 bankruptcy on Sept 9, 2009. It discharged Jan 5, 2010. I live in California but had a “rental” property in Georgia for which I received a 1099a for 2010. The property was included in… read more
BK-CPA
BK-CPA
Bachelor's Degree
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Im thinking about filing Chapter 13 bankruptcy to avoid a
I'm thinking about filing Chapter 13 bankruptcy to avoid a potential deficiency judgment and/or 1099a and/or 1099c. I bought my home in Florida (recourse state) July 2005 as a primary residence and mo… read more
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