I owned a deed of trust that was foreclosed on and sold at auction were and how do I claim this money on my taxes

posted

A deed of trust is a type of mortgage. If it was foreclosed the lender should send you a statement for tax reporting.

What do you think you would claim? If you had a loss, it won’t be deductible. If you had a capital gain, that will be taxable regardless of whether you get any paperwork from the auction company. You need to know the gross amount of the sale.

I lived in Las Vegas NV until April 2025; I moved to Detroit MI. I'm lost by Detroit tax and I'm not sure how to answer the questions. I've worked full time since moving

in State tax filing

Expert does your taxes

Do it yourself

Resources

Support

I owned a deed of trust that was foreclosed on and sold at auction were and how do I claim this money on my taxes

I owned a deed of trust that was foreclosed on and sold at auction were and how do I claim this money on my taxes

I owned a deed of trust that was foreclosed on and sold at auction were and how do I claim this money on my taxes

Unlock tailored help options in your account.

Get more help

Do you have a TurboTax Online account?

I owned a deed of trust that was foreclosed on and sold at auction were and how do I claim this money on my taxes

Do you have an Intuit account?

I owned a deed of trust that was foreclosed on and sold at auction were and how do I claim this money on my taxes

I owned a deed of trust that was foreclosed on and sold at auction were and how do I claim this money on my taxes

Unlock tailored help options in your account.

Get more help

Related Content