Marcia M
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Thank you. However, we were not planning to carry over a net operating loss... These expenses were deducted against income in prior years.So are you indicating ...
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Thank you so much. I agree it makes sense that because the expenses were deducted in a prior year the amount would be taxable. However, the instructions specifi...
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Thank you so much, but I am looking at Form 982 Part II and none of those situation applies. The debt was incurred by charging ordinary expense items on the Sch...
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I received a 1099-C for a debt for a single member LLC in 2019. The LLC had filed for bankruptcy under Chapter 11. This was for a credit card. These expenses ch...
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I would disagree. The interest would not be deductible as rental interest. Please see the special caution !!! box in Pub 535 that states "P.L. 115-97 sec. 11043...
Activity Feed for Marcia M
- Posted Re: Cancellation of Debt on After you file. March 16, 2020 5:22 AM
- Posted Re: Cancellation of Debt on After you file. March 14, 2020 6:29 AM
- Posted Re: Cancellation of Debt on After you file. March 13, 2020 2:44 PM
- Cheered Re: Cancellation of Debt for RobertG. March 13, 2020 2:39 PM
- Posted Re: Cancellation of Debt on After you file. March 13, 2020 7:56 AM
- Posted Re: Yes, the interest allocated to the rental portion of the... on Investors & landlords. March 2, 2020 4:08 AM