Posted on: 02nd Jun, 2009 07:08 am
After I filed my 2007 returns, I received notices of 1099-a and 1099-c related to my principal residence which was foreclosed upon after divorce.
The specifics of the 1099A are: principal balance outstanding $83K, FMV $61K. On the 1099c - amount of debt cancelled = $54K.
Because this is all for tax year 2007, do I have to go back and use the accompanying forms (schedule D and form 982) for 2007 or do I just use the most recent versions?
The specifics of the 1099A are: principal balance outstanding $83K, FMV $61K. On the 1099c - amount of debt cancelled = $54K.
Because this is all for tax year 2007, do I have to go back and use the accompanying forms (schedule D and form 982) for 2007 or do I just use the most recent versions?
You need to use the most recent version.
Hi Guest
I agree with Realgeni. You will have to use the recent version of the forms.
Thanks.
I agree with Realgeni. You will have to use the recent version of the forms.
Thanks.