aadubey
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The home was worth $255,000 and was sold for $170,000 at auction. The Settlement was for $85,000. So it would appear that I don't owe capital gains tax.
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I had owned the home for 12 years. So I am not sure if I owe capital gains or not.
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Wrongful Foreclosure of my home. The amount was the difference between the actual value of my home and what it was sold for at auction. So it was for actual los...
Activity Feed for aadubey
- Posted Thanks for the help! on Get your taxes done using TurboTax. June 3, 2019 4:24 PM
- Posted The home was worth $255,000 and was sold for $170,000 at... on Get your taxes done using TurboTax. June 3, 2019 4:24 PM
- Posted I had owned the home for 12 years. So I am not sure if I... on Get your taxes done using TurboTax. June 3, 2019 4:24 PM
- Posted Wrongful Foreclosure of my home. The amount was the diffe... on Get your taxes done using TurboTax. June 3, 2019 4:24 PM
- Posted I received a 1099 Misc for Compensatory Damages awarded through a Legal Settlement. How do I offset this reported income and flag it as non-taxable? on Get your taxes done using TurboTax. June 3, 2019 4:24 PM