Filing 2008 Taxes w/ Ch7 BK and Foreclosures/Short Sale

Date: Tue, 01/27/2009 - 01:09

Submitted by on Tue, 01/27/2009 - 01:09

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I would like some feedback from anyone who has gone thru this process. I have filed for Ch7 in 2008 with 2 Foreclosures. How do I file my 2008 taxes? Are the foreclosures & short sales considered capital gains? Will I receive 1099's from lenders? PLEASE Help...

Total Replies: 2

The foreclosures were in the BK? Then yes you will need to send

The foreclosures were in the BK? Then yes you will need to send a copy of the BK papers to the IRS, to show they were in the BK. This happened to us a few years ago.

Submitted by lmale on Tue, 01/27/2009 - 03:57

lmale

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Thanks for the response. Then will I have to report as capital g

Thanks for the response. Then will I have to report as capital gains?

Submitted by on Tue, 01/27/2009 - 11:52

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