Ephesians3-14
Level 8
12-20-2019
10:51 AM
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I am preparing a 2018 tax return for a client. She received a Form 1099-C for $54,000 because the bank foreclosed on her home in 2018.
Is this reported as income, or can I complete Form 982 and exclude the gain? (She had no W-2 income for 2018 - unemployed all year.)
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