QUESTION
Do I file anything & do I owe anything on this foreclosure?
Asked on Feb 10th, 2022 on Taxation - Texas
More details to this question:
I contacted the Timeshare for a 1099 & was told that after sending me the notice of foclosure sale date, they send nothing else to me, not even a 1099.
1 ANSWER
4 Awards
You may receive a 1099-S for the timeshare real estate sale. Regardless, if you had a profit or loss on the sale, you should report it on your tax return.
Answered on Feb 14th, 2022 at 7:06 PM