Legal Question in Real Estate Law in Georgia

Foreclosure 1099-A

I owned a house that foreclosed and I have received a 1099-A from the IRS. What percentage do I have to pay, and if I cannot afford to pay it can I file bankruptcy to discharge it?


Asked on 4/05/08, 9:09 am

1 Answer from Attorneys
Scott Riddle Law Office of Scott B. Riddle, LLC

Re: Foreclosure 1099-A

Both taxes and bankruptcy depend on your overall situation, and not a sentence or two. Income taxes are generally non-dischargeable.

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Answered on 4/05/08, 9:16 am


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