does anyone wait for 1099s to file????

[Chowder]

I haven't gotten any. My taxes are ready to go otherwise.
Aren't these forms supposed to be sent out by the end of Jan?

[justbroke]

Yes, they are! I received mine on February 1st of this year. I received a 1099-A due to the foreclosure of my rental property that was IIB (included in bankruptcy).

[Chowder]

hmmmmm. So that's a go ahead and file it justbroke?

[justbroke]

hmmmmm. So that's a go ahead and file it justbroke?

Was it a rental or business property, or just residential? If it's residential you could probably file and then do an amended later since it shouldn't affect your taxes. I say "shouldn't" because if you included it in a bankruptcy, you'd just do the whole Form 982 thing if there were any tax implication.

Personally, I would wait. I would also seek help with taxes this year, because some of that 1099-A/C business is complex, although my TurboTax seemed to handle it fine.

[Chowder]

no no. If any come they'd be the 1099c variety.

[justbroke]

You may want to wait, is my suggestion. Yes, you can always file a 1040X, but I don't know any impact on your State's personal income taxes, if your State has those.

[Chowder]

Nope. No state income tax.
Accountant said to ask Attorney, he just returned the call saying, no need to wait.
Green light, go!

Thanks justbroke.

[RainMoM]

I filed my taxes as soon as i got my return, and i had a foreclosure on my home.. I didn't wait for a 1099.. got my refiund, but never got a 1099.. hmm i wonder if it went to my old address ?? good luck to you

[OregonMom]

My bankruptcy was discharged June '09 and we let the house go. I went ahead a filed my taxes and guess what showed up the next week, a 1099A. Just got of phone with lawyer and he said to just do a 982. So I will amend them once Turbo tax lets me do it. It won't affect them at all.