Does a home that was in foreclosure and repossessed that was my ex husband s count if we were divorced and he's remarried? I haven't lived in the home since 2014?

I got a 1099 for $70,000 and he's not employed and won't file. Am I responsible for the taxes? I have not lived in the home since 2014

382

Expert Alumni

Apr 16, 2022 7:59:40 AM

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.

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Does a home that was in foreclosure and repossessed that was my ex husband s count if we were divorced and he's remarried? I haven't lived in the home since 2014?