Does my CH13 have to be reported when filing income tax?

[lookin4info]

Our mortgage company sent us a tax form (forget the form #) that they reported the balance of our account to IRS and marked the section that we were personally responsible for the debt.

Our home was foreclosed and sold (the mortgage co. bought it!). Do we have to include this form when filing our taxes? If so, how will this affect our taxes, do we have to pay taxes on the amount we owed them?

This seems strange to me. Thanks!

[SMinGA2]

Sounds like you received a 1099C - for forgiveness of debt. Check with your attorney, but you will probably need to just file form 982 with your taxes and mark the box near the top to indicate the forgiven debt is part of a title 11 case.

[justbroke]

It may also be a 1099-A. You should have a professional do your taxes this year. As mentioned, you may need to file a Form 982 if it's actually a form 1099-C (Forgiveness of Debt). If this was your primary residence, there should be no capital gains taxes on this if you file correctly.