Tag Archives: Foreclosure Short Sale Tax Consequences Tax Hit Liability Banks Deficiency Des Moines Iowa Bankruptcy

Tax Consequences of a Short Sale: Dealing with a 1099C

Posted on October 2, 2009 by admin

When a bank forgives a debt greater than $600, like in a short sale, they are required to issue a 1099C to the Homeowner. This article talks about avoiding the tax hit by following some simple steps. Continue reading →

Posted in Bankruptcy, Foreclosure, Short Sale | Tagged | 5 Comments