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Get your taxes done using TurboTax
If you received a 1099 for income for the sale/cancelled debt/foreclosure/repossession of your former home, your portion of the gain could be taxable. It might be best to consult an attorney.
You may be able to file Form 982 to see if you qualify for insolvency
Please see this LINK for more information regarding Form 892 and this LINK for canceled debt.
‎April 16, 2022
7:59 AM