Question

Tax Year Prior to 2020: Selling expenses question on foreclosed home

Forum|Forum|7 years ago
June 1, 2019
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It's asking for the selling expenses for a home that was foreclosed on. I only received a 1099-A from my lender which doesn't have much info on it. What do I enter? I can't file without this info.

TurboTax Self Employed Online

K

kll

You can enter a 0 (zero) for selling expenses. That said, if it was your primary residence, and you didn't rent it or use it for business, you might not need to report your 1099-A. (see below) Hang onto it though, as you might need information from it if you also receive a 1099-C - Cancellation of Debt.

What do I do with Form 1099-A?

https://ttlc.intuit.com/replies/3299944