Report 1099-a in General Chat Posted January 21, 2010 I received a 1099-a for the foreclosure which occurred on my rental property in Florida. It stated that my balance, box 2 was $241,579.12, and my fair market value, box 4, according to the bank was alos 241,579.12. What does this mean in terms of taxe liability? Mikey123
1099-a
in General Chat
Posted
I received a 1099-a for the foreclosure which occurred on my rental property in Florida. It stated that my balance, box 2 was $241,579.12, and my fair market value, box 4, according to the bank was alos 241,579.12.
What does this mean in terms of taxe liability?
Mikey123