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I received a 1099-A from a rental property how do I report on my taxes

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Icon Mini Profile isidrotorres





Joined: 21 Feb 2011

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Post Posted: Mon Feb 21, 2011 3:21 pm    Post subject: I received a 1099-A from a rental property how do I report o
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I filled bankrupcy charter 7 and discharge on May 2008. on this year I received a 1099-A for a property that was rental
How do I report this form?

the inf on the form:box #1 date of lender acqusition or Knowledge of abandonment:Oct 5,2010
box #2 balance of principal outstanding $111,452
box#4 fair market value of property $146,757
box#5 was the borrower personaly liable for repayment of
the debt? yes

thank you.
Icon Mini Profile adonis
adonis




Joined: 22 Oct 2005



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Location: ALASKA
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Post Posted: Mon Feb 21, 2011 8:24 pm    Post subject:
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Welcome isidrotorres,

You should contact a tax adviser and take his opinion in this matter. He will guide you in filing the tax documents and including the 1099 A form in it.

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