turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Event: Ask the Experts about your refund > RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

I got deed-in-lieu on a house. It was a rental from 2012-2016, however I was not renting it in 2017. For 1099-A purposes, does it count as personal or still a rental.

I did not get a 1099-C, only a 1099- A.

Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
DanielV01
Expert Alumni

I got deed-in-lieu on a house. It was a rental from 2012-2016, however I was not renting it in 2017. For 1099-A purposes, does it count as personal or still a rental.

A rental.  This would have been a requirement for the deed-in-lieu arrangement to be made, as described at the following website:  https://pocketsense.com/requirements-deed-lieu-foreclosure-rental-property-12065160.html.  (Although the website states that you should also have received a 1099-C, this document is not always provided in this type of exchange, and you can get the information you need off of the 1099-A).

As the website suggests, this particular situation is quite complicated, but you do not need to go to a CPA.  Instead, invest a little more and puchase TurboTax Live.  You can then receive the direct assistance of an Enrolled Agent or CPA who will also double-check your return to make sure it is right.  For more information on this product, please see this FAQ:  https://ttlc.intuit.com/replies/6071042

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

1 Reply
DanielV01
Expert Alumni

I got deed-in-lieu on a house. It was a rental from 2012-2016, however I was not renting it in 2017. For 1099-A purposes, does it count as personal or still a rental.

A rental.  This would have been a requirement for the deed-in-lieu arrangement to be made, as described at the following website:  https://pocketsense.com/requirements-deed-lieu-foreclosure-rental-property-12065160.html.  (Although the website states that you should also have received a 1099-C, this document is not always provided in this type of exchange, and you can get the information you need off of the 1099-A).

As the website suggests, this particular situation is quite complicated, but you do not need to go to a CPA.  Instead, invest a little more and puchase TurboTax Live.  You can then receive the direct assistance of an Enrolled Agent or CPA who will also double-check your return to make sure it is right.  For more information on this product, please see this FAQ:  https://ttlc.intuit.com/replies/6071042

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies