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After Henri stopped making his mortgage payments, the lender foreclosed on his home and issued a Form 1099-A to him. The outstanding balance on
After Henri stopped making his mortgage payments, the lender foreclosed on his home and issued a Form 1099-A to him. The outstanding balance on the recourse loan was $86,000, and the fair market value of the property on the date of foreclosure was $50,000. What is He's realized amount from the foreclosure? so $80,000 $86,000 $166,000
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