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How to report sellers credit from a short sale, did not receive a 1099

i do not need to report short sale as i filed bankruptcy however i am pretty sure i need to report relocation money...not 100% sure as i have gotten different opinions as it came out of the buyers money and is a write off for loss to the mortgage company
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1 Reply
RichardG
New Member

How to report sellers credit from a short sale, did not receive a 1099

The relocation payment is taxable income.  You should report it under Federal Income>Wages & Income>Less Common Income>Miscellaneous Income.  On the next screen choose other reportable income.

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