Caron
 Moderator
Joined: 19 Jul 2005
Posts: 1562 Location: florida
266.76 Dollars($)
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Posted: Tue Feb 03, 2009 4:29 am Post subject: |
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Hi gary,
I think whoever foreclosed on your property needs to send you form 1099A. The IRS Form 1099A is also known as "Acquisition or Abandonment of Secured Property". It is sent to taxpayers who have abandoned their home. In cases where the lender sells off abandoned property, he may offer a part of the sale proceeds to the homeowner. This needs to be reported as income earned by the homeowner. The lender informs the IRS about it by sending Form 1099A.
By the way, have the lender spoken about giving you any part of sale proceeds yet? _________________ Mortgage Shopping made easy with booklet |
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