I received a 1099A on property that was included in Ch 7 Bankruptcy I filed Ch 7 Bankruptcy in 2011 and included my primary residence. All debts were discharged in 2011. The property was foreclosed on in 2013. I received a for 1099A showing FMV higher than principal balance. I thought that filing Ch 7 would have prevented owing taxes on a foreclosed property that was included in the bankruptcy. What should I do?
Last edited by kfly : 04-08-2014 at 10:35 PM.
Reason: more detail
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