TaxGuyBill
Level 15
09-25-2024
09:28 PM
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@AccountingExecs wrote:
I had a client that sold their home through a foreclosure in 2012.
They had been repaying their credit in prior years and up through 2021,
Are you aware that they should NOT have been repaying the credit since 2012? Their 2012 return should have reported the sale any the full repayment (if any) should have done in 2012.