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Updated almost 10 years ago on . Most recent reply presented by

Corinne Faivre's profile image
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Corinne Faivre
  • from New York City, New York
  • Member since Mar 7, 2015
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Corinne Faivre's profile image
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Corinne Faivre
  • from New York City, New York
  • Member since Mar 7, 2015
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Corinne Faivre
  • New York City, NY
3
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Tax, SDIRAs & Cost Segregation

1099C

Corinne Faivre
  • New York City, NY
Posted

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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