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Posted by aak5454 on May 31, 2007 at 08:01:09:
In Reply to: Re: Short sale 1099 A posted by Kelly on May 30, 2007 at 14:43:31:
whether the bank gives a 1099 is not a decision; its an obligation due to the tax code as a result of debt forgivenness. As to using the "insolvency" issue to avoid paying taxes, you must consult a tax professional as there is too many varibles to be considered to give a blanket answer
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