Re: 1099 issued for Short Sale and Deed in Lieu?
Posted by steele in minnesota on April 26, 2008 at 16:25:08:
In Reply to: Re: 1099 issued for Short Sale and Deed in Lieu?
Posted by Kish on April 26, 2008 at 08:17:20:
The 2007 tax relief act talks about a mortgage to acquire a primary residence. Here is a summary:
http://www.govtrack.us/congress/bill.xpd?bill=h110-3648&tab=summary
I personally have heard a couple of different takes on this. One said that if you did a straight refinance and didn't pull money out it would be foregiven. If extra money was taken...
I would check with a local tax expert.
Steele
Follow Ups:
- Re: 1099 issued for Short Sale and Deed in Lieu? - Kish 23:06:53 04/26/08
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- Re: 1099 issued for Short Sale and Deed in Lieu? - steele in minnesota 05:58:07 04/29/08
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- Re: 1099 issued for Short Sale and Deed in Lieu? - Kish 09:35:58 04/29/08
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- Re: 1099 issued for Short Sale and Deed in Lieu? - steele in minnesota 09:44:03 04/29/08
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- Re: 1099 issued for Short Sale and Deed in Lieu? - Kish 13:40:14 05/02/08
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- Re: 1099 issued for Short Sale and Deed in Lieu? - Kish 07:12:25 05/09/08
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- Re: 1099 issued for Short Sale and Deed in Lieu? - Kish 05:55:14 05/09/08
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- Re: 1099 issued for Short Sale and Deed in Lieu? - steele in minnesota 06:04:14 04/27/08
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