Hi all,
what happens with your tax return filing for the year your BK was discharged? Mine was discharged in October of 2010. I am preparing to file my taxes for the 2010 tax year. there was a house involved in the BK. A first and a second. Both were included in the BK and is currently waiting for bank approval on a short sale offer. so i am not on the hook for the balance of the loan i had on the home. i paid last year so the trustee did not take any tax return money. So i guess i am asking if i just file normally? is there something i should be including in my return that would be related to the BK and short sale? its my understanding i should be getting a 1099 from the home loan lender but as the house is still in the sale process i assume that wold come next year?
im not sure if i am making sense but i appreciate the help!
what happens with your tax return filing for the year your BK was discharged? Mine was discharged in October of 2010. I am preparing to file my taxes for the 2010 tax year. there was a house involved in the BK. A first and a second. Both were included in the BK and is currently waiting for bank approval on a short sale offer. so i am not on the hook for the balance of the loan i had on the home. i paid last year so the trustee did not take any tax return money. So i guess i am asking if i just file normally? is there something i should be including in my return that would be related to the BK and short sale? its my understanding i should be getting a 1099 from the home loan lender but as the house is still in the sale process i assume that wold come next year?
im not sure if i am making sense but i appreciate the help!
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