jim_wakem
Level 3
12-07-2019
01:09 AM
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Best Answer Click here
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Just-Lisa-Now-
Level 15
12-07-2019
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Are you asking if it has been extended to 2018? Not at this time, no.
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jim_wakem
Level 3
12-07-2019
01:09 AM
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I guess my question should be what part of the debit is he responsible for?
Just-Lisa-Now-
Level 15
12-07-2019
01:09 AM
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https://www.irs.gov/pub/irs-pdf/p4681.pdf
If your debt was discharged after 2017, you can't exclude it from income as qualified principal residence indebtedness unless the discharge is subject to an arrangement that was entered into and evidenced in writing before January 1, 2018.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
If your debt was discharged after 2017, you can't exclude it from income as qualified principal residence indebtedness unless the discharge is subject to an arrangement that was entered into and evidenced in writing before January 1, 2018.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
Just-Lisa-Now-
Level 15
12-07-2019
01:09 AM
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If you enter the 1099C and then go through the Canceled Debt worksheet (the quick zoom button is at the bottom of the 1099C worksheet), the program should do the heavy lifting for you.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪