Announcement

Collapse
No announcement yet.

Search Result

Collapse
2 results in 0.0017 seconds.
Keywords
Members
Tags
foreclosure x
  •  
  • CAErinB
    started a topic Help with new RE investor client!
    in Main Forum / Tax Discussion

    Help with new RE investor client!

    I have a new LLC client which purchased a mortgage note (value: $207,998) for a home in Connecticut. The note became non-performing, and the LLC proceeded to foreclose on the property. As of 12/31/15, the LLC was the owner of record for the property. Since then, the home has been sold (at $42,500, a substantial loss: approximately 20% of the value...
    See more | Go to post
  • Howco
    started a topic Independent Foreclosure Review Payment Qualified Settlement Fund
    in Main Forum / Tax Discussion

    Independent Foreclosure Review Payment Qualified Settlement Fund

    Did anybody have any experience with this during 2014 tax season?

    Taxpayer received a large lump-sum payment in 2013 from this settlement fund, related to certain foreclosure proceedings that occured in 2009 and 2010. The settlement fund issued a 1099-Misc, box 3 other income.

    Just curious if anybody else came across...
    See more | Go to post
Previous template Next

Disclaimer

Collapse

This message board allows participants to freely exchange ideas and opinions on areas concerning taxes. The comments posted are the opinions of participants and not that of Tax Materials, Inc. We make no claim as to the accuracy of the information and will not be held liable for any damages caused by using such information. Tax Materials, Inc. reserves the right to delete or modify inappropriate postings.

Working...
X