macevedo12
Junior Member
What is the name of your state (only U.S. law)? Oregon
I received a Form 1099-a on the foreclosure of a house. The house was foreclosed in 2008. Do I need to put this on my 2008 income tax return? I know in 2009 the house sold for less than the FMV listed on the 1099-a, so will I get a 1099-c for 2009. Do I need to wait for the 1099-c to declare it on my tax return for 2009 or do I declare the amount on the 1099-a for 2008?
I received a Form 1099-a on the foreclosure of a house. The house was foreclosed in 2008. Do I need to put this on my 2008 income tax return? I know in 2009 the house sold for less than the FMV listed on the 1099-a, so will I get a 1099-c for 2009. Do I need to wait for the 1099-c to declare it on my tax return for 2009 or do I declare the amount on the 1099-a for 2008?
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