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Karen received Form 1099-A when her home was foreclosed. Box 5 of the Form 1099-A was left blank, indicating that this was a nonrecourse loan.
Karen received Form 1099-A when her home was foreclosed. Box 5 of the Form 1099-A was left blank, indicating that this was a nonrecourse loan. Box 2 was listed at $85,000, and the fair market value was $102,000. What is the amount she realized on the foreclosure of her house? $17,000 $85,000 $102,000 $187,000
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QuickBooks A Basic Guide To Learn The Principles Of Bookkeeping And Accounting For Beginners
Authors: Marcus Smalling
1st Edition
1655431773, 978-1655431777
