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A Wave of Zoning Law Changes Could Have Huge Impacts for Investors and Housing—Here’s What You Need to Know
The U.S. is facing a housing deficit of about 3.2 million units, and the situation is especially dire in urban areas like New York. It’s one of the reasons prospective homebuyers are finding […]
Do You Think It’s a Tough Time to Invest? It’s Not When You Can Get Deals Like This
Are you sitting on the sidelines in this market? Many investors are. There’s a lot of fear and caution. But we’re not. And you don’t need to be, either.  Of […]
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Tax, SDIRAs & Cost Segregation
HomeForumsTax, SDIRAs & Cost Segregation1099C
Corinne Faivre's profile image
Corinne Faivre's profile image
Corinne Faivre
  • from New York City, New York
  • Member since Mar 7, 2015
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Corinne Faivre's profile image
Corinne Faivre's profile image
Corinne Faivre
  • from New York City, New York
  • Member since Mar 7, 2015
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Corinne Faivre
  • New York City, NY
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Tax, SDIRAs & Cost Segregation

1099C

Corinne Faivre
  • New York City, NY
Posted May 21 2015, 14:41

Hello BP,

I have negociated a payoff settlement on my rental property with the Bank to escape a Foreclosure! I will be receiving  @150k in 1099C! Is there any way to lower my tax bill?

I look forward to reading your feedbacks and any suggestions or questions you may have regarding this matter!

Thank you

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