When should i file an amendment????
I dont think i would end up owing more money.
one is for the intrest i paid on the house i sold the begining of last year, it was a short sale, so i made no money. It says i paid about 4,600 in interest. The other is a payout from a retirement plan for .00.
should i wait till after i get my refund to file and amendment.
what does a short sale or bankruptcy do to your taxes??
Posted March 9th, 2010 in When To File Bankruptcy. Tagged: bankruptcy, begining, intrest, money, retirement plan, short sale.
If you have filed bankruptcy and discharged any obligation to pay a deficiency from discharge of indebtedness it is not taxable income. If you paid — and that means you paid, not just owed –$4,600, it would be an itemized deduction. The retirement plan distribution should be reported in the block for pension income.
March 9th, 2010 at 12:47 pmon a short sale – if they forgave part of the mortgage, you will get a 1098 for cancelled debt which is includable as income – so you may owe taxes – wait a couple of weeks and see if you get anything or call the mortgage company as see if they would be sending out anything like that
March 9th, 2010 at 12:47 pm