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Re: Short Sale, Deed in Lieu or Foreclosure? Which is bette

Posted by DK on February 07, 2007 at 14:09:32:

In Reply to: Re: Short Sale, Deed in Lieu or Foreclosure? Which is bette posted by davidk on January 29, 2007 at 12:45:53:

I've spent the afternoon on the phone with the IRS and bank regarding this issue and am more confused now than when I started.

My now ex-husband and I did a DIL last spring for a rental property. In trying to do my taxes, the IRS informed me that the lender should have issued a 1099C. However the bank informed me that they'd send me the closing documents on the sale of the house with balances, back taxes etc on the house.

My next stop is to consult an attorney.

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