1099-A and 1099-C after foreclosure and/or bankruptcy

[Chrysalis]

I think the directions for Form 982 are better than the information in Publication 4681. That's why I pointed to the Form instructions.

Personally, I don't know anything about "tax attributes" at all! That is probably the reason that I am not a tax specialist, enrolled agent, or certified public accountant.

I hear you!

My mother is a CPA ~ and after spending all this time reading through fine print, it just further solidified my decision to NOT go that direction! Lol.

Funny ~ I've always been good at handling others' money. All of my jobs in the past involved accounting, one way or another. Just made a giant mess of our own, because so many emotions were involved.

I decided, after all, to not send another email to my CPA. We will be going to see him soon, and we can discuss it more then. I don't want to make it look like I am trying to tell him how to do his job or like I think I know more about this than he does (although maybe I do) ... also ... (maybe I don't). ;)

I will come back and update if I get to have a good discussion with him re: tax attributes.

[Chrysalis]

I found this blog post today -- relevant to this discussion:

http://www.bankruptcymastery.com/the-tax-gotcha-when-debt-settled-outside-of-bankruptcy/

Looks like that site may be a wealth of info!