Legal Question in Real Estate Law in New Jersey

shorte sales

If you receive a 100k 1099 form from a short sale payoff. And you do not make enough to pay the taxes for the lost. How do you report it to the irs.

Question two: if you have more than one property and have no equity in either can you still do a short sale for one of the properties?


Asked on 9/22/07, 2:16 pm

1 Answer from Attorneys
Robert Davies The Davies Law Firm, P.A.

Re: shorte sales

You may get answers cheaper from an accountant than from an attorney.

Read more
Answered on 9/24/07, 11:22 am


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