taxguy057 Posted April 14, 2013 Report Posted April 14, 2013 Have a client that received a 1099A for abandonment of a townhouse she owned. Never used as rental property... She never received a 1099C for the cancellation of debt on the property as of yet. How or where if anything do I show the abandonment on 1040. Thx! TG Quote
Lion EA Posted April 14, 2013 Report Posted April 14, 2013 Sale of her principal residence F8949/D. Quote
taxguy057 Posted April 14, 2013 Author Report Posted April 14, 2013 Sale of her principal residence F8949/D. Wasn't her principal residence bought new home. Condo been sitting for years she finally just let it go. Quote
Lion EA Posted April 15, 2013 Report Posted April 15, 2013 Was it a rental? 4797. Or personal but not residence? 8949/D with no loss allowed. Investment? 8949/D. How many years? Did she live in it at least two out of the last five years prior to the sale, or whatever the time frame is? Quote
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