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Short Sale

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Soop Guest	Posted: Tue Apr 12, 2011 5:27 pm    Post subject: Short Sale Like 0 Dislike 0 I completed a short sale on my property in AZ in Dec 2010 but did not receive a 1099C on my first. My credit report as of Jan 2011 shows no debt owed on real estate and "settlement reached". Should I file taxes assuming that the debt was cancelled? _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
adonis Joined: 22 Oct 2005 Posts: 10531 Location: ALASKA 1085.02 Dollars($)	Posted: Tue Apr 12, 2011 9:50 pm    Post subject: Like 0 Dislike 0 Hi Soop, You should have a word with your CPA in this regard and then take a decision. If your debt has been cancelled, then you should receive a 1099c form from the lender. _________________ Procrastination is the enemy of your financial success

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