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Updated 11 months ago on . Most recent reply

Llewellyn Clarke's profile image
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Llewellyn Clarke
  • Member since Apr 12, 2024
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Llewellyn Clarke
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Creative Real Estate Financing

Bank foreclosed on rental property 10 years now 1099 for this tax year

Llewellyn Clarke
Posted

Purchase an rental property in 2006 and the bank Foreclosed in 2014. The Bank send a 1099 for the charge off for this Tax year.  How do I avoid  Minimize my Tax Liability????

Fort Lauderdale, Florida
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