Legal Question in Tax Law in Florida

irs and foreclosure

Our house was foreclosed on in Sept 06. I got a 1099-A from the mtg co. My mtg bal was 64300., Fair mkt value was 77000. I am confused as to what the amt if any I pay the IRS. I do not know what it sold for. We did not even know it was for a foreclosure auction. Found out the hard way.

Thanks


Asked on 4/25/07, 10:25 pm

1 Answer from Attorneys
Regina Mullen Legal Data Services, PLC

Re: irs and foreclosure

This information is not only available to you, you should go get it to protect your own rights. A good real estate and tax attorney can locate the information for you and help you work through it...the easy way.

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Answered on 4/26/07, 1:31 pm


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