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 Posted: Sun Mar 16, 2008 4:39 pm Subject: Taxes owed on "cancellation of debt"???? |
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When we filed BK in 05, we included our home. We were discharged in Nov 05 and moved out the house in March 06. I just received a note from the IRS stating I owe them about 17G for "cancellation of debt" from that mortgage, what the ****???? I've got to call them tomorrow to find out what is going on. Has anyone heard of this???
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Lren0318
Joined: 29 Oct 2007
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Shazzers
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| Posted: Mon Mar 17, 2008 10:00 pm Subject: |
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I googled this...
If the creditor filed a 1099-C, then it looks like you will need to remedy this by filing form 982 with the IRS. Hope this helps.
_________________
The only people with whom you should try to get even are those who have helped you.
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Morningstar
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