Results 1 to 2 of 2
  1. #1
    Join Date
    Feb 2011
    Location
    San Francisco, California
    Posts
    1

    Default Tax Filing and Foreclosure when You Have Not Received Form 1099-a or 1099-C

    My question involves a foreclosure in the State of: California

    My question is this: if my house has gone into foreclosure (i received the Notice of Trustee Sale in Oct '10), but has apparently not sold at auction, thus I have not received any tax forms related to the property - what is my 2010 tax filing obligation? Also, hasn't the property been "transferred" to the bank once you receive the Notice of Trustee Sale - why does this not trigger a tax form? ANY info will be appreciated....

  2. #2
    Join Date
    Sep 2005
    Location
    Behind a Desk
    Posts
    98,846

    Default Re: Tax Filing and Foreclosure when You Have Not Received Form 1099-a or 1099-C

    If this is your primary residence you shouldn't have any state or federal tax exposure.

    1. Sponsored Links
       

Similar Threads

  1. Foreclosure: I Never Received a 1099 After My Foreclosure
    By lindsayk in forum Buying, Selling and Conveying Real Estate
    Replies: 3
    Last Post: 03-12-2011, 02:28 PM
  2. Foreclosure: I Received a 1099-A Instead of a 1099-C
    By Pleasehelp in forum Buying, Selling and Conveying Real Estate
    Replies: 4
    Last Post: 03-19-2010, 05:35 PM
  3. Foreclosure: Received Both a 1099-A and 1099-C
    By ballmich in forum Buying, Selling and Conveying Real Estate
    Replies: 1
    Last Post: 03-15-2010, 03:57 PM
  4. Understanding Form 1099-G
    By mybubbasmom in forum Tax Law
    Replies: 2
    Last Post: 01-06-2010, 04:34 PM
  5. Chapter 7: Received 1099-A After a Foreclosure and Chapter 7 Bankruptcy
    By kwilliams12 in forum Bankruptcy Law
    Replies: 1
    Last Post: 03-27-2009, 05:46 PM
 
 
Sponsored Links

Legal Help, Information and Resources