https://hrblock.csod.com/Eval loid: b6e414d7-03af-45e2-97b7-e94c73e4547d&evallvl:S&redirect-url%2fphnx%2fdriver, C | | Search.. Home Realize Your Potential: H& File Edit View Favorites Tools Help Test Advanced Repossessions and Foreclosures (2016) Section 5 Question 9 of 18. Linda's home was foreclosed upon and the mortpage holder issued her a Form 1099-A What is the sales price Linda must use to report the foreclosure if the loan wos nonrecourse, the outstanding balance of the loan was $90,000, and the fair market value ofthe home was 99.000 on the date of foreclosure? O59,00D O $50,000 O s90,000 O $189 00D Mork for follow up Question 10 of 18. The bank toreclosed on William's home and issued him a Form 1099-A. What is the sales price that William must use if the outstanding balance on the recourse loan was $50,000 and the fair market value of the property was $42,000 on the date of $8.000 542.000 o $50.000 O $92,000 Mark for follow up Back Save Return Later Summary Next 4:52 PM 12/14/2017 ize Your Pote... Adv Search Textbook... 2016 Ad Reposses