Saturday, February 6, 2010

Bankruptcy and the Taxation of My House by By The IRS After Foreclosure in Georgia

February 6, 2010

I recently spoke with a client in my Rome GA office who surrendered their house in Chapter 13  bankruptcy last year.  About six months into their Chapter 13 bankruptcy, they converted to a Chapter 7 bankruptcy.  This past week, they received a 1099A from their mortgage company showing that the debt was forgiven and suggested [...]

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