Discussion:1099c
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Discussion Forum Index --> Tax Questions --> 1099c
Mborovichmcclay (talk|edits) said: | 7 February 2008 |
| my client recieved a 1099c for a mortgage foreclosure. what do i do with it? | |
| 7 February 2008 | |
| It may or may not be taxable income reportable on line 21. You might want to research that. It is income until you learn the exceptions that may apply. Read Section 108. | |
Tfortaxes@msn.com (talk|edits) said: | 7 February 2008 |
| Irsfixer is right. It goes on line 21 or the 1040. | |
Tfortaxes@msn.com (talk|edits) said: | 7 February 2008 |
| Duh Line 21 ON the 1040 | |
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