TAXMAN Posted November 4, 2014 Report Share Posted November 4, 2014 Ok I have on 1098 stmt beginng balance 24811.96 2013. amount paid 4306.51 ending balance 20505.45. Int paid 619.66 monthly pymts 69.66. No escrows at all. On the 1099-c I have box 2 debt discharge $4190.18 0 in box 3 box 4 says mortgage box 7 fmv of property $.00 Box 5 is checked. TP has no idea what was done. This is all with same lender. This was and still is a line of credit for the business(sch c) that tp owns.Any ideas on how to properly handle this? Quote Link to comment Share on other sites More sharing options...
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