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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Foreclosure tax consequences... Posted by Jeff on January 11, 2004 at 4:20 PM In Reply to: Foreclosure tax consequences... posted by Ward-CA- on January 11, 2004 at 8:45 AM : : Ward, : : As a followup, is their any offset for the seller on their taxes for the fact that they receive a 1099 for the income they have by not having to pay back the entire loan. Could their acountant offset the LOSS of the property against the GAIN of a 1099? Also what about the disclosure issues? Thanks, Jeff Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : : Ward, : : : As a followup, is their any offset for the seller on their taxes for the fact that they receive a 1099 for the income they have by not having to pay back the entire loan. Could their acountant offset the LOSS of the property against the GAIN of a 1099? Also what about the disclosure issues? Thanks, Jeff Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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