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If you receive a 1099-A and the balance of the principal
If you receive a 1099-A and the balance of the principal outstanding and FMV of the property are the same does anything need to get reported when filing form 1040?… read more
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I am going into foreclosure on an investment property that I still owe $58K on. Purchase p
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I currently own a rental property in North Carolina (in my
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sorry this is long...if you could just give me some general
sorry this is long...if you could just give me some general idea about how "gross sale price" is determined in a Deed-in-Lieu situation, and if any losses can offset the depreciation recapture tax. an… read more
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Hi I have more questions regarding to the two out five rule.
Hi I have more questions regarding to the two out five rule. If I own and live in main home for two of the five years before the sale (3 years for renting out the house and 2 years for main home), 1) … read more
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I bought a home to renovate and sell it but ended up not selling
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Background: I asked my lender to accept a Deed in Lieu of
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I received a form 1099-A for a foreclosure but no 1099-C do
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I am facing a short sale on a property in Arizona. I just
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My chapter 7 bankruptcy case was closed on March 22, 2010.
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I have an investment property which is upside down. Purchase
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Assuming my home forecloses and if the sale price at ...
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We are selling a rental property and the expected net gain ...
We are selling a rental property and the expected net gain will be approx. 72k. Balance is 110k and asking price is 192k. What is the estimated capital gains tax that we will have to pay. We do not pl… read more
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