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I received a 1099A because I abandoned my primary residence. Do I report any of the information when filing my tax return?

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Icon Mini Profile malkowskiangie





Joined: 05 Feb 2011

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1.27 Dollars($)
Post Posted: Sat Feb 05, 2011 11:07 am    Post subject: I received a 1099A because I abandoned my primary residence.
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My principal outstanding balance is $117,000 and the FMV is $123,200. The box is checked stating that I am personally liable for repayment of debt. What additional forms do I file when doing my taxes, if any. I do not believe the home has been sold yet.
Icon Mini Profile Niicss
Niicss




Joined: 03 Oct 2005

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Location: New Jersey
508.88 Dollars($)
Post Posted: Mon Feb 07, 2011 3:00 am    Post subject:
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I don't think you'll have to file any other additional docs. Nevertheless, have a word with your tax adviser and he/she will guide you in a better manner.
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