Posted on: 17th Apr, 2012 09:35 pm
I received a 1099-A in the mail this year, but didn't give it any importance as I got a Chapter 7 discharge. My mom always does my taxes but can't do it this year as she doesn’t know how to do it after bankruptcy. We’ll take this to the H&R Block & hope we can sort this out. I asked my BK lawyer who said I should get a tax professional to take care of it. Does this mean I'm gonna have to pay taxes on $120k left over from the house? I expected this to follow us for 7 years at the least (we're in year 2) but will this ever end or does stuff keep popping up? Any advice before I go to H&R Block? Thanks in advance.
Hi Blossoms,
Your bankruptcy attorney is absolutely correct in saying that you should contact a tax professional in this regard. He will help you in knowing whether or not you will be liable for paying taxes.
Your bankruptcy attorney is absolutely correct in saying that you should contact a tax professional in this regard. He will help you in knowing whether or not you will be liable for paying taxes.