neilbrink Posted February 7, 2008 Report Share Posted February 7, 2008 Client received a 1099-A because the bank forclosed on his house. Box 2 Balance of Principal Outstanding and Box 4 Fair Market Value of property are the same. He was not personally liable. I have not had one of these for awhile. It looks like this is treated as any other sale, so I use Schedule D to record it? Or is there another form that I should use? Thanks. Quote Link to comment Share on other sites More sharing options...
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