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Returning Member
posted Nov 17, 2021 5:26:45 AM

Short Sale Form 1099-S and Form 1099-C

I am working on a prior year return(2016) that I never filed.  I received a 1099-S for a short sale of property that was rental property and I also received a 1099-C from the bank.  Do I claim both the sale on my taxes and the 1099C?  If so, where do I record these?

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2 Replies
Level 15
Nov 17, 2021 5:35:43 AM

Seek local professional assistance to complete this return ... the downloaded version will only work if you know the overrides that are needed to be made in the FORMS mode. 

Returning Member
Nov 17, 2021 5:46:21 AM

I know how it has to flow and printed the forms off - I am doing by hand.  I guess I just was looking for someone to tell me if the 1099-S and the 1099-C have to both be included on my return.  I was reading the Form 982 instructions and got a bit confused on short sales.