Welcome! | Ask A Question
Asked 12/14/2007
|
Foreclosed homes/How to report? We have a house that was foreclose and was auction on September 18, 2007. The lender was not able to sell it at auction and a real estate agent is listing the property right now as bank owned. As of today, December 14, 2007 the property has not been sold. Should we wait for the lender to sell the property first, before reporting it to IRS. What if they can't sell it by the end of December 2006, and we need to file our income taxes for 2006? Should that not be included yet.
|
Answer 1/1 - Submitted 12/14/2007
Here's a link about the new tax breaks that were passed in September for people who's homes have gone into foreclosure:
http://www.irs.gov/newsroom/article/0,,id=174022,0 0.html
Hope that helps!
Type your Answer in the box below and post your answer.
Related Questions (Ask a New Question)
Two days ago i went to the mail box and had a letter from a attoreny that they say are representing bank of america to collect our home debit. there was one letter to me and two t my husband. looks like they are asking for in full amunt. our home it says is in default. my husband told me that it had...
My husband and i have 401ks i was under the impression that only get reported after we collect on them but our local chapter is telling me i must report it into them now. is that true?
I live in indiana. i was laid off and went back to school through the tra program that the unemployment office offered. after i finished school, i did not have a job or any income. i withdrew my 401k from my previous employer for living expenses. i got called back to work and worked for five and a half...
|
How do i find out if we have not recieved anything legal tell us our home is been foreclosed? Two days ago i went to the mail box and had a letter from a attoreny that they say are representing... |
|
Do i have to report my 401k into the state and loacl taxes? My husband and i have 401ks i was under the impression that only get reported after we collect... |
|
Do i have to report my 401k withdrawal to the unemployment office? I live in indiana. i was laid off and went back to school through the tra program that the... |
|
I file my weekly certifiation every week for being unemployed , i just got money out of my... |
|
I cashed out my 401k last year It was only 1205.35, i had the taxes deducted at the time, the amount taken out was 241.07... |
|
Do i have to report my 401k withdrawal to the unemployment office? My brother who lives in illinois needs to claim unemployment benefits. he is withdrawing... |
Ask A Question
Ask a new question about
401k:
About
| Contact Us
| Membership Agreement
| Privacy Policy
| Site Map
| Advertise on this Site
Copyright © 401kQuestions.net 2012. All rights reserved.