Why did I get a 1099-C and What do I do?
http://wellsrealtylaw.com -- Why did I get a 1099-C? Do I owe taxes after my short sale or foreclosure? The 1099-C is sent by your lender when they claim a tax write off for the deficiency resulting from a short sale or foreclosure. Laws such as the Mortgage Forgiveness Debt Relief Act and the AZ anti-deficiency statute will preclude many from needing to realize the taxes. -- http://wellsrealtylaw.com/about
