Posted on: 11th Feb, 2011 08:07 pm
So I short sold my house last year for $255k (I owed $330). Now I received 1099 for the $255k. However I know I qualify for the The Mortgage Forgiveness Debt Relief Act of 2007 and I know I have to fill out form 982.
Does anyone which parts of 982 I need to fill out? Also, what do I put in line 3? My guess would be I need to...
1) check 'e',
2) put $255k in #2
3) check no in #3
Is that it?
Does anyone which parts of 982 I need to fill out? Also, what do I put in line 3? My guess would be I need to...
1) check 'e',
2) put $255k in #2
3) check no in #3
Is that it?
Hi jamesfcy,
It will be better to contact a tax adviser and take his help in filling out the 982 form.
Thanks
It will be better to contact a tax adviser and take his help in filling out the 982 form.
Thanks